Krugman: Reagan And His Advisers Were Prime Villains Behind The Financial Mess We're In

Krugman: Reagan And His Advisers Were Prime Villains Behind The Financial Mess We're In

"This bill is the most important legislation for financial institutions in the last 50 years. It provides a long-term solution for troubled thrift institutions. ... All in all, I think we hit the jackpot." So declared Ronald Reagan in 1982, as he signed the Garn-St. Germain Depository Institutions Act.

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