Re:The Quiet Coup: IMF advice on the US economy
by anamax on Sunday March 29, 2009 @11:32AM
(#537420)
>> Subprime mortgages were a creation of regulation and were overvalued as US regulatory policy.
> I would love see documentation of this...
One of the major pieces of relevant legislation was Community Reinvestment Act, although the regulations and regulator actions were what gave it teeth.
Others have posted extensively on this, with links.
There's also Fannie and Freddie, which paid a huge role in creating a market.
> The US military, is controlled by the state but can tell the EPA to * itself and often does.
The US military may have more leeway than the post office, but I wouldn't say that it gets away with much. It spends a lot of time in court and if it's sane, avoids a lot of things that might end it up in court.
> I would love see documentation of this...
One of the major pieces of relevant legislation was Community Reinvestment Act, although the regulations and regulator actions were what gave it teeth.
Others have posted extensively on this, with links.
There's also Fannie and Freddie, which paid a huge role in creating a market.
> The US military, is controlled by the state but can tell the EPA to * itself and often does.
The US military may have more leeway than the post office, but I wouldn't say that it gets away with much. It spends a lot of time in court and if it's sane, avoids a lot of things that might end it up in court.