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Bush Administration To Unveil Broadest Overhaul Of Wall Street Regulation Since Great Depression

Bush Administration To Unveil Broadest Overhaul Of Wall Street Regulation Since Great Depression

Commented Mar 30, 2008 at 18:12:17 in Business

“The Treasury says that it and other federal regulators still believe a principle it enunciated a year ago, “that market discipline is the most effective tool to limit systemic risk.”

Sure buddy. If they really believed this they would have let the market have its way with Bear Stearns. Paulson is talking out of both sides of his mouth. Hypocrite and liar! Enough said”
huffingtonpost entry

A Surprise Ending for Larry Summers and the Fed?

Commented Jul 26, 2013 at 11:56:31 in Politics

“I think you're barking up the wrong tree here. Obama will pick who he is told to pick. The real question is who are the people that are going to tell him who to pick. That's what I want to know. The known quantity here is that whoever is picked is going to give Wall St. whatever it thinks it needs, period.”
Fannie Help Mae and Freddy Macked

Fannie Help Mae and Freddy Macked

Commented Sep 9, 2008 at 18:33:56 in Politics

“"The nationalization of mortgage lenders Fanny Mae and Freddy Mac is the symbolic end of Bush style capitalism." How very wrong you are. Very very wrong. What you think is the end is, in fact, just the beginning. Now that Bush capitalism has proven itself to be extremely successful you can expect a continuous succession of "privatize gains, socialize losses" events. Bush style capitalism will only end when it will literally be impossible to continue and not a moment before then. So hang for a Bush carnival ride to national insolvency-the momentum has far too much energy to be stopped now.”
Stuff Happens: The Mortgage Bailout and the Federal Budget

Stuff Happens: The Mortgage Bailout and the Federal Budget

Commented Sep 9, 2008 at 17:51:22 in Business

“"We run deficits because the American public thinks it can have its cake and eat it too." Nonsense! The American public, in general, is no longer capable of thought. We have descended into a cattle like existence, chewing cud at the feet of the media show business frenzy, and the corporate and political and religious theocracy. Those in power will plunder all the wealth they can while they can. When it all comes crashing down they will simply point at sky and say it was God's will and "Jesus is coming". I mean come on now can't you see this is all part of God's divine plan? At the rate we are going I expect to see multiple listings for bridges in Brooklyn on Ebay long before Jesus shows up.”
The Right Questions

The Right Questions

Commented Jul 27, 2008 at 21:04:47 in Politics

“Yes good idea to start thinking outside the box---until you start to comprehend what the results of thinking outside the box truly are, which is fundamentally about responsibility. And that is the last thing that those with control of the reigns want to contemplate. Listening to Paul Volcker is probably a good idea as he is someone who knows a thing or two about responsibility.

Otherwise I suggest we abolish the Federal Reserve. Those who planned and implemented the Federal Reserve did so with the present economic situation in mind (although I'm sure they had no idea about this big of a mess) so as to benefit themselves. And we can see after nearly 100 hundred years later they planned quite well. The government is socializing losses now exactly as they had wanted way back in 1910. Yes that is right, hard to fathom but this is exactly the case.

So what do you replace it with? Good question.”
Bush Administration To Unveil Broadest Overhaul Of Wall Street Regulation Since Great Depression

Bush Administration To Unveil Broadest Overhaul Of Wall Street Regulation Since Great Depression

Commented Mar 30, 2008 at 18:12:17 in Business

“The Treasury says that it and other federal regulators still believe a principle it enunciated a year ago, “that market discipline is the most effective tool to limit systemic risk.”

Sure buddy. If they really believed this they would have let the market have its way with Bear Stearns. Paulson is talking out of both sides of his mouth. Hypocrite and liar! Enough said”