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Sheds some light into the festering pool of misinformation that all of us need to know more about. Reagan's banking collapse was very simple by comparison. After deregulation a bank could loan 100M to someone without collateral and they'd just walk away. And they did. Thanks for the 100M. But this time it was more complex, Lewis explains it well, Regan's Savings and Loan collapse was simple theft, and no one under Reagan was punished, though later under Bush Sr. and Clinton they prosecuted 1100 people. That was then, this time I think maybe 1 person got prosecuted.
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