a big thank you to scott brown without whom this would not have been possible. also, retrospective lol at it’s the people’s seat meaning that he would vote repub when confronted with good legislation.
republican party position on banking reform: the calendar says 2008 can’t happen twice.
[quote]thefederalist wrote:
republican party position on banking reform: the calendar says 2008 can’t happen twice.[/quote]
LOL.
Amen. Pass this shit while they can. Even though, you know, the market will take care of EVERYONE.
[quote]thefederalist wrote:
a big thank you to scott brown without whom this would not have been possible. also, retrospective lol at it’s the people’s seat meaning that he would vote repub when confronted with good legislation.
republican party position on banking reform: the calendar says 2008 can’t happen twice.[/quote]
LOL. This does nothing to prevent another crash
2008 happened because of Bill Clinton and the Federal Reserve.
[quote]FightinIrish26 wrote:
[quote]thefederalist wrote:
republican party position on banking reform: the calendar says 2008 can’t happen twice.[/quote]
LOL.
Amen. Pass this shit while they can. Even though, you know, the market will take care of EVERYONE.[/quote]
Who said this? I have no ideal in my mind that it will. People are responsible for themselves.
[quote]FightinIrish26 wrote:
[quote]thefederalist wrote:
republican party position on banking reform: the calendar says 2008 can’t happen twice.[/quote]
LOL.
Amen. Pass this shit while they can. Even though, you know, the market will take care of EVERYONE.[/quote]
Oh please, what a farce. The same people that deregulated the financial sector are now going to regulate it. Aren’t these the same people that tore apart what was left of the Glass Steagall Act?
How much did Chris Dodd get from Goldman Sachs? 10 million dollars over the last several years. How much did Harry Reid get from Goldman Sachs? A few hundred thousand. Of course, these are called “campaign contributions”, not bribes.
Larry Summers, Obama’s chief economic advisor, was one of the main architects under Bill Clinton of deregulating the financial sector, is now one of the biggest supporters of the bill.
Are Americans so insane that they actually believe that the same people that deregulated Wall Street are now going to regulate them? I guess so.
Just call it what it is - Bailout Bill V.3.0: For the rest of our banking buddies . . .
[quote]formerfatboy wrote:
[quote]thefederalist wrote:
a big thank you to scott brown without whom this would not have been possible. also, retrospective lol at it’s the people’s seat meaning that he would vote repub when confronted with good legislation.
republican party position on banking reform: the calendar says 2008 can’t happen twice.[/quote]
LOL. This does nothing to prevent another crash
2008 happened because of Bill Clinton and the Federal Reserve.[/quote]
2008 was not just the result of Clinton and the Reserve, but 30 years of unsound financial decisions. The push towards greater deregulation and towards homeownership is what caused 2008. Clinton was one piece. However, it was the Bush Administration that blatantly ignored all the warning signs of a bubble in 2006 and 2007. We still would have had a bubble collapse regarding home mortgages, but it would not be the system shocker that it was if Bush’s administration took the appropriate steps.
Secondly, our economic model is predicated on boom-bust cycles. Until we get a structural reformation, no amount of legislation will prevent another bust.
I already demonstrated that 2008 was not the result of deregulation, but of regulation . . . not retyping that wall of text - lol
[quote]0mar wrote:
[quote]formerfatboy wrote:
[quote]thefederalist wrote:
a big thank you to scott brown without whom this would not have been possible. also, retrospective lol at it’s the people’s seat meaning that he would vote repub when confronted with good legislation.
republican party position on banking reform: the calendar says 2008 can’t happen twice.[/quote]
LOL. This does nothing to prevent another crash
2008 happened because of Bill Clinton and the Federal Reserve.[/quote]
2008 was not just the result of Clinton and the Reserve, but 30 years of unsound financial decisions. The push towards greater deregulation and towards homeownership is what caused 2008. Clinton was one piece. However, it was the Bush Administration that blatantly ignored all the warning signs of a bubble in 2006 and 2007. We still would have had a bubble collapse regarding home mortgages, but it would not be the system shocker that it was if Bush’s administration took the appropriate steps.
Secondly, our economic model is predicated on boom-bust cycles. Until we get a structural reformation, no amount of legislation will prevent another bust.[/quote]
Very True. Both Republicans and Democrats are responsible for this mess. People need to stop blaming either one party or the other and start looking at the very nature of the system itself.
It doesn’t matter that this bill passed, every single fucker responsible for this is still working in their respective position. Not one of these fuckers has been arrested, either fired or resigned at worst.
Look at how fucking stupid this Obama Administration is…
They hoot and holler about cracking down on Wall Street fraud, and all of those responsible for the bubble bursting. They gambled people’s money away, and what really happened? Obama bails them out (as some twisted form of punishment), and then gives the same people who caused this mess even MORE money !
Yes Federalist, Kudos for passing this bill, which is already designed to fail. Why? Because these same regulators (who were already supposed to catch these fuckers) were busy watching porn, and missing all of the tell tale signs of trouble. You had people openly warning about the bubble bursting, and still everyone just shut up about it. Either they were paid off or told to turn a blind eye.
Look at Bernie Madoff, people tipped off the SEC 5 times about his shadiness, and they STILL didn’t bother to investigate him. He went to the SEC and came clean about it.
Are you really so thrilled about these worthless incompetent government boobs looking after your money and investments? You honestly trust these cubicle hamsters who watch porn all day?
I will gladly keep my money in my mattress thank you.