ok....and that is exactly my point. Glass Steegle would not have prevented anything, GLB would not have prevented anything and the latest would not have prevented anything. That is entirely my point that absolutely no administration has an effect on the Economy outside of the Federal reserve.
It's not a fn' light switch from one admin to another. It never has been and never will be. You should go deeper than the very first thing that pops up...you are using a beta AI summary.
Further:
The crisis was likely caused by a combination of factors, including lax lending practices, excessive leverage, and poor regulatory oversight.
Tax lending...which again falls under banking. If unaware, borrowing against property @ high rates for taxes. Decent article here circa 2014 regarding Texas:
So once again to spell it out.. Comptroller, FDIC.....and the big guy....Federal Reserve. The Comptroller(Treasury) role is to simply be an accountant and make sure the bills are paid.
AI
