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Originally Posted by Villages Kahuna
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That needs to be done NOW. Correcting the causal factors and getting rid of the people who were behind this mess will have to wait until later.
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No, if the root causes are not corrected, then there is no end to the money being thrown at it. If the root causes have not been identified, it's even worse. A quick infusion of cash just means more bad paper will be written unless the ability to write the bad paper and keep the shady deals from being made is stopped.
If none of these problems would have occurred prior to the Gramm-Leach-Blibey Financial Services Modernization Act of 1999, then the act needs to be amended or tossed before a dime of bailout money is paid.
Fix the cause or the problem repeats!