Question

Find one website taking the position that government contributed to Great Recession by doing too much (deposit insurance, the CRA program) and one that government did too little (deregulation or lack of adequate regulation to begin with). Describe each site.

Answer 1

The website http://forbes.com mentioned that series of policies such as deposit insurance and CRA program of the Obama administration had aggravated the Great Recession in USA. Many policies of Obama government promoted housing mortgages and deregulated the private sector that led to economic meltdown in the country.

About Forbes.com:

The site belong to Forbes group which is one of the leading publication groups engaged in magazine, books publication, academics, real estate and other activities. The publication company has its head office in New Jersey city of USA. It has regional offices stretching in different countries of the world including India, China, Middle East, Brazil etc. The Forbes Group also publishes list of world's top billionares.

The website http://www.Heritage.org mentioned that Federal Government did very little in deregulation of the financial markets in USA. It also mentioned that there had been lack of rules and regulations of the Government for financial markets.

About Heritage.org:

The site heritage.org belongs to Heritage Foundation which has its headquarter at Washington, USA. The mission of the Heritage Foundation is to promote traditional values of the American population and individual freedom in the country. The foundation is administered by a board of trustees comprising of 20 members.