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Why blame wall street for the economy failing ...

why blame wall street for the economy failing?   won't we be in the same messif they did not buy up the mortgages..only difference instead of wall street firms failing..it would have been the banks only??  isn't this all due to deregulations that have been going on since the 80's??  did someone forget why savings and commerical banks were separated after the depression?? 


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