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The second wave of problems appeared with the actual monetary crisis. Funding for most functions dried up almost in a single day. One thing was clearly very improper, however in reality it had been developing for a number of years. Individuals like Sheila Bair (head of the FDIC) had been warning government officials that a severe state of affairs was only going to worsen if nothing was carried out. Spoiler alert: Nothing was finished and no one went to jail.
Ideologies are greater than the sum of sensory perception and rational thought. They fulfill the … Read more