Susie, Pardon me but I suggest you follow the thread that started it all. Huck and I were discussing commercial loans and I was explaining UCC filings to him!
I really did not need some comments from the peanut gallery about blaming Ronnie for the S&L fiasco. Take a look at the economic downturn during the Bush 1st administration as a fallout from having to bail out the S&Ls. Perhaps you never heard of the RTC which was set up to handle all the JUNK!
Edit: Any time you would like a history on banking from the days of JP Morgan to present I can suggest a few books for you to read. And would you like to start a debate on the merits of Glass-Stegall and how it relates to firewalls?
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