Sunday, December 27, 2009


Former Republican Congressman Bill Thomas now is vice chairman of the Financial Crisis Inquiry Commission, which was created by Congress and the president to identify the causes of the ongoing U.S. financial meltdown. In an interview published Dec. 27, 2009 in The Bakersfield Californian, Thomas contended that Wall Street and Main Street teamed up to create the mess the U.S. is in by paying for inflated property appraisals and Triple-A securities ratings to create packages of subprime mortgages and pawn them off to investors. This mess isn’t done unraveling. Read more of what Thomas had to say at

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