[quote]smh23 wrote:
^ Yep, the wall of separation between retail and investment banking came down under Clinton and helped pave the way for 2007-8.[/quote]
Clinton wont admit it, but history shows that he is where it started.[/quote]
No I hate to go all Anti Republican on your ass but it started with Reagan , How many lived through the S and L scandals
[/quote]
So 2007-2008 melt down was caused by Reagan. The S&L scandals were cleaned up before Clinton even took office. My father worked for a S&L during the 80’s. You really need to read up on your history. Commercial Banks are regulated differently than S&L’s.
You are benefiting from a policy that you are pushing, and you don’t even live here.
The very idea you want has been proven to profit someone else. Brilliant. [/quote]
Which is it am i profiting or someone else ? Please keep the brilliance coming
[/quote]
Since you do not live here in California, you ARE someone else. Enjoy the businesses who are headed to our neighboring states, they are leaving in droves.
The Great California Exodus, take a read and learn something…
So 2007-2008 melt down was caused by Reagan. [/quote]
Of course not, well not directly. Lefty’s have a hard time understanding the difference between “his policy and the culture that many say started with him (which isn’t 100% true), contributed to a bubble that burst in 2008” and “it was all insert republican’s fault”.
In the same thought, you congratulated Union victories, which came along with a loss of jobs.
You rebutted yourself in the same sentence.
You cannot do this, only a Californian is capable of such stupidity. [/quote]
Maxi , I understand abstract thought is beyond you , I also think it is unfair to the rest of Cali
for you to categorize them along with you
[/quote]
If Cali is so smart, and unionized and almost totally governed by liberals…why do they have such crippling debt and unemployment?
[/quote]
what the fuck you talking bout again ?
[/quote]
SO…everybody is asking you the same question (which I am sure you will respond with “wut queston?”) and you still keep arguing in circles.
You are becoming the Professor X of PWI.[/quote]
what’s your question , if it was “If Cali is so smart, and unionized and almost totally governed by liberals…why do they have such crippling debt and unemployment?” The answer is a book , you can not be serious. Ask me a real question silly boy
[quote]smh23 wrote:
^ Yep, the wall of separation between retail and investment banking came down under Clinton and helped pave the way for 2007-8.[/quote]
Clinton wont admit it, but history shows that he is where it started.[/quote]
No I hate to go all Anti Republican on your ass but it started with Reagan , How many lived through the S and L scandals So 2007-2008 melt down was caused by Reagan. The S&L scandals were cleaned up before Clinton even took office. My father worked for a S&L during the 80’s. You really need to read up on your history. Commercial Banks are regulated differently than S&L’s
[/quote]
I did not say Reagan caused S and L melt down , I said the deregulation of the banks started under Reagan . That Info is Via - YouTube
[quote]NickViar wrote:
If a business needs government handouts and those handouts are eliminated, that company won’t last long no matter how far in front it starts. That’s the beauty of freedom, things take care of themselves.
[/quote]
A big business can last many decades of being poorly run.
[quote]NickViar wrote:
Since businesses don’t think about the longterm, why don’t you start up a business that does? In the longterm you should be able to put every other company in your chosen field out of business. You could then hire everyone they have to let go AND give them pay raises.
[/quote]
It is not so simple. It is very hard to compete against entrenched players with large amounts of capital. By focusing on the long term you might be able to perform 20-30% more efficiently than a big player. That is not enough to stop you from getting crushed. In many areas you need to be 200-300% more efficient to compete.
The company I work for could take losses for the next 50 years in a quarter of the cities we operate in and still be ok. Small businesses simply cannot compete.
[quote]smh23 wrote:
^ Yep, the wall of separation between retail and investment banking came down under Clinton and helped pave the way for 2007-8.[/quote]
Clinton wont admit it, but history shows that he is where it started.[/quote]
No I hate to go all Anti Republican on your ass but it started with Reagan , How many lived through the S and L scandals So 2007-2008 melt down was caused by Reagan. The S&L scandals were cleaned up before Clinton even took office. My father worked for a S&L during the 80’s. You really need to read up on your history. Commercial Banks are regulated differently than S&L’s
[/quote]
I did not say Reagan caused S and L melt down , I said the deregulation of the banks started under Reagan . That Info is Via - YouTube
Again S&L’s which you referred to have different regulations than the Commercial Banks under the Glass Stegal Act. S&L’s under Reagan had to be deregulated because the interest that S&L’s where regulated to pay would never had been able to compete with the Commercial Banks Money Market Accounts. Just for example, where would you have put your money? S&L paying 5% or a Money Market Account paying 10%? S&L’s had to take extreme risk in investing to keep up with the 15% that the Commercial Banks were able to get with little to no risk. When the housing markets blew up in the 80’s that is why the S&L Scandals took place because that was the only place S&L’s could invest to get a rate high enough to break even because the capital in their Pass Book Savings accounts were drying up very fast.
[quote]smh23 wrote:
^ Yep, the wall of separation between retail and investment banking came down under Clinton and helped pave the way for 2007-8.[/quote]
Clinton wont admit it, but history shows that he is where it started.[/quote]
No I hate to go all Anti Republican on your ass but it started with Reagan , How many lived through the S and L scandals So 2007-2008 melt down was caused by Reagan. The S&L scandals were cleaned up before Clinton even took office. My father worked for a S&L during the 80’s. You really need to read up on your history. Commercial Banks are regulated differently than S&L’s
[/quote]
I did not say Reagan caused S and L melt down , I said the deregulation of the banks started under Reagan . That Info is Via - YouTube
Again S&L’s which you referred to have different regulations than the Commercial Banks under the Glass Stegal Act. S&L’s under Reagan had to be deregulated because the interest that S&L’s where regulated to pay would never had been able to compete with the Commercial Banks Money Market Accounts. Just for example, where would you have put your money? S&L paying 5% or a Money Market Account paying 10%? S&L’s had to take extreme risk in investing to keep up with the 15% that the Commercial Banks were able to get with little to no risk. When the housing markets blew up in the 80’s that is why the S&L Scandals took place because that was the only place S&L’s could invest to get a rate high enough to break even because the capital in their Pass Book Savings accounts were drying up very fast.[/quote]
That is where it stared Reagan, Bush ,Clinton and Bush again the video gives names . The video was very good , suggested by our own Beans
it is about time the slaves win a victory [/quote]