Approaching the third year of the Civil War, on September 22nd, 1862, President Lincoln issued an executive order known as the Emancipation Proclamation. This declaration was the announcement "that all persons held as slaves" within the rebellious states "are, and henceforward shall be free." The Emancipation Proclamation became official on January 1, 1863. However, it was not until, June 19th, 1865 that Major General Gordon Granger and roughly 2000 Union soldiers descended onto Galveston, Texa
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"The chattering classes still blame desperate borrowers for not reading the fine print, but perhaps they should reserve some vitriol for Wall Street's watchdog. If there's one lesson the commission should have learned long ago, it's that booms aren't fueled by market forces alone, but also by healthy doses of fraud, deception, and unchecked opportunism. And it's invariably everyday folks who pay the price. ‘The SEC, instead of watching Wall Street, insulates it,’ notes Aguirre. ‘The subprime iss