Report The banking crisis is back in House prices and the economy Posted May 29, 2018 · Edited May 29, 2018 by frankvw 20 minutes ago, TheCountOfNowhere said: This is what happens when bankers are deregulated. I wish thatcher was still alive so she could see the hell she unleashed. She died before before it all became evident why it was such a bad idea to repeal the 1930's depression financial acts and regulation. However, the intellectuals she took her policy queues from - Greenspan, Friedman and Rand - who were lifelong friends (Rand and Greenspan were lovers at one time) and were the neo-liberal economic policy formulators, were able to face the consequences (Greenspan, at least). Despite the chief architect, saying under oath, his ideas and policy were wrong and didn't work, the US and UK decided to double down on the same policies for another decade. "I was wrong", Alan Greenspan, giving testimony under oath at Capitol Hill, after the subprime meltdown.