tag:blogger.com,1999:blog-11719208.post3051536475817964606..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Budget deficits and financial bubblesTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11719208.post-14540793619048420462009-08-31T13:17:53.347-07:002009-08-31T13:17:53.347-07:00As always, in their parochialism, USA commentators...As always, in their parochialism, USA commentators forget about the Japanese ZIRP and the gigantic Yen carry trade.<br /><br />As to purely USA matters, regulatory changes that greatly reduced capital requirements at banks in 1995 and subsequently are equally responsible in creating the giant debt bubble.<br /><br />In effect around 1995 the Republican party and the centrists of the Democratic party decided to recreated wildcat banking, only on a much bigger scale.Blissexhttp://www.sabi.co.uk/noreply@blogger.com