I had quite the discussion with a coworker yesterday morning. He’s buying the line that Sen. Obama used that deregulation is one of the main causes of the current financial crisis.
I believe that while it may be the enabler of the crisis, it did not cause it. Bad loans caused it, and there were some that encouraged bad loans, and some that wanted oversight into what was going on.
My question is, will anyone connect what happened here with Sen. Obama and big government “solutions”?
Hat tip: Say Anything