Wednesday, May 18, 2011

The Great American Stickup, pg. 49-110

The first chapter is called "The Clinton Bubble." Under Clinton, many deregulation acts were passed. Citigroup started and Clinton supported them not seeing the negative effects. DC was filled with lobbyists. Although it was a bloom time, the foundation for the crash was setup.

The next chapter is called "The Valiant Stand of Brooksley Born." At the time, she was the only person against deregulation. She was for the people because of her background. She was one of the few women in DC. Everyone was against her including DC and the media. Eventually, she was just pushed to the side.

I am enjoying the book so far. I have learned about a lot of people that I hadn't heard of before. I like this book. :)

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