Originally posted by Zoso
Let's just bring on the Socialism and get it over with already. The people are clearly begging for it. No one wants to be responsible for his/her own self/family any more. The government should do ______ and take care of _______ for me. Waaaaah, waaaaaah, waaaaaaah. Entitlements for everyone!
No kidding... I smell a nanny state on the horizon. ing people just want handouts. It's not the government's job to take care of us. "It's my right to have free healthcare, paid for by others!" No, it isn't.
Krypton
quote:
Originally posted by gehzumteufel
Bailing out Bear Stearns and Fannie and Freddie are not only necessary but they are imminently dangerous if we did not. Why?? Fannie and Freddie are the 2 largest lenders in the US and if we allowed them to fail, we would have an even worse market collapse than the great depression. Bear Stearns, being one of the largest investment banks in the US, collapsing and faltering on all would have just sank us even further. Seriously, those are necessary. Bailing out GM and potentially Ford, is not.
Well then, we can thank former Republican senator Phil Gramm for deregulating the banking and energy sector. The reason the administration has to do these bailouts is because of their own deregulation of the industries.
gehzumteufel
quote:
Originally posted by Krypton
Well then, we can thank former Republican senator Phil Gramm for deregulating the banking and energy sector. The reason the administration has to do these bailouts is because of their own deregulation of the industries.
Deregulation as a whole is good, but you also have to keep both parties in check. Meaning that there will still need to be some sort of regulation, but the limits of regulation should be watched very carefully to prevent a full scale government run lender or energy company. Look at the telecom sector. They have done fine with deregulation. Energy and banking can be the same.
Zoso
I work in a small community bank, and we're regulated by the FDIC and the state. Additionally, we are required to have independent third parties audit all those areas the FDIC and the state are auditing. We're audit fee poor!
All the drama that can come with audits aside, I really do feel that it is in the best interest of our bank and our community.
Krypton
quote:
Originally posted by gehzumteufel
Deregulation as a whole is good, but you also have to keep both parties in check. Meaning that there will still need to be some sort of regulation, but the limits of regulation should be watched very carefully to prevent a full scale government run lender or energy company. Look at the telecom sector. They have done fine with deregulation. Energy and banking can be the same.
LOL! Nonsense! The deregulation these idiots carried out was akin to taking street lights and speed limits off major intersections! Why did the banks take on so much risk??? Take a guess....I'll tell you, because of deregulation! You could borrow hundreds of times more capital than you have in principle, and bet on market. I could take my $1, get $60 in financing, and bet on subprime mortgage derivatives! Listen, free market are good. But even free markets need rules. We live in a supposed "free" society, right? We still need cops on the street don't we? Same thing goes for the financial laws of this country.
Ted Promo
quote:
Originally posted by Clovis
He needs those auto-worker votes in places like Michigan. Smart move imo. He can flip flop all he wants until he's elected imo.
You must really think he's the second coming of Christ if you can allow and look entirely past his vote-buying :wtf:
Zoso
I have it on good authority from Talk Radio (TM) that he is, indeed, the Anti-Christ. :o
gehzumteufel
quote:
Originally posted by Krypton
LOL! Nonsense! The deregulation these idiots carried out was akin to taking street lights and speed limits off major intersections! Why did the banks take on so much risk??? Take a guess....I'll tell you, because of deregulation! You could borrow hundreds of times more capital than you have in principle, and bet on market. I could take my $1, get $60 in financing, and bet on subprime mortgage derivatives! Listen, free market are good. But even free markets need rules. We live in a supposed "free" society, right? We still need cops on the street don't we? Same thing goes for the financial laws of this country.
Wow, did you take what I said too literally? Did I say NO regulation? No. I said AS A WHOLE, deregulation is good. I didn't say that the deregulation that happened in the energy and banking sectors was good or bad. I just said that on a whole, as in generally, it is good. Do I think that there should be regulation? Of course. We can't have Standard Oil back and bullying and bankrupting (Although Wal-Mart already does) all the companies it wants to over.
Ted Promo
quote:
Originally posted by Zoso
I have it on good authority from Talk Radio (TM) that he is, indeed, the Anti-Christ. :o
I just find it funny how all the other candidates aren't allowed to "buy votes" without facing extreme criticism and abasing, but when Barack does it everyone can look the other way. He may consider himself the purveyor of "not the same Washington politics" or whatever, but he'll sure as hell engage in it from time to time if he reaps benefit, knowing his unabashed fanbase will look the other way. It's completely :wtf:able
If he is allowed to flipflop on this, then he essentially could flipflop on absolutely every position he has campaigned on. Unlikely, yes, but in the end feasible. He can get away with it though, because he's Barack.
:wtf:
Nostalgic
quote:
Originally posted by Ted Promo
You must really think he's the second coming of Christ if you can allow and look entirely past his vote-buying :wtf:
BARRACK THE MAGIC NEGRO
Clovis
quote:
Originally posted by Ted Promo
You must really think he's the second coming of Christ if you can allow and look entirely past his vote-buying :wtf:
No I just think vote-buying to defeat the second coming of George Bush is perfectly fine.
gehzumteufel
quote:
Originally posted by Ted Promo
I just find it funny how all the other candidates aren't allowed to "buy votes" without facing extreme criticism and abasing, but when Barack does it everyone can look the other way. He may consider himself the purveyor of "not the same Washington politics" or whatever, but he'll sure as hell engage in it from time to time if he reaps benefit, knowing his unabashed fanbase will look the other way. It's completely :wtf:able
If he is allowed to flipflop on this, then he essentially could flipflop on absolutely every position he has campaigned on. Unlikely, yes, but in the end feasible. He can get away with it though, because he's Barack.
:wtf:
lol I saw an article about this saying the exact thing.
