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Whom to Thank for This Mess

Bad decisions starting in the '80s triggered the credit crisis

By Ambreen Ali, Newser User

Posted Dec 9, 2008 2:59 PM CST

(Newser) – This financial crisis brewed over decades of bad decisions, and, in Vanity Fair, economist Joseph Stiglitz makes sure credit is given where due:

In 1987 President Reagan appointed anti-regulation Alan Greenspan to a regulatory post.
Greenspan offered the markets a "flood of liquidity"

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Whom to Thank for This Mess

Bad decisions starting in the '80s triggered the credit crisis

Alan Greenspan • tax cuts • Reaganomics • Joseph Stiglitz • bank regulation • deregulation • financial crisis • Wall Street bailout

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