No regulations needed, hmmm.

laker1963

bbc020

kuzi16

laker1963

bbc020

laker1963:

Or you could just go back to trusting these wonderful, business leaders who put the country in the tank in the first place. Worked well the first time out, and I am sure we can all trust that these fine people have learned a lesson and wouldn't let that happen again... right

I still like the idea of these guys taking care of them.

kuzi16

mustluvcigars

bbc020:

laker1963:

Or you could just go back to trusting these wonderful, business leaders who put the country in the tank in the first place. Worked well the first time out, and I am sure we can all trust that these fine people have learned a lesson and wouldn't let that happen again... right

I still like the idea of these guys taking care of them.

bbc020 for President!!

PuroFreak

Laker, you really contradict yourself when you say "If you lend somebody money you have an obligation to ensure that the money was lent wisely, bank do this as part of Due Process," and use that as a way for government to keep businesses from pissing away money on bad investments, when it was the government telling banks the HAD to make bad investments and bad loans that caused so much of our economic downfall... So the government can tell banks NOT to make wise investments and give out bad loans and that is good regulation, but when it makes an investment has to do the exact opposite? How are both of those good things?

laker1963

laker1963

PuroFreak

laker1963

Garen B

mustluvcigars:

bbc020:

laker1963:

Or you could just go back to trusting these wonderful, business leaders who put the country in the tank in the first place. Worked well the first time out, and I am sure we can all trust that these fine people have learned a lesson and wouldn't let that happen again... right

I still like the idea of these guys taking care of them.

bbc020 for President!!

Is that Billy Connolly? I love that guy's stuff!

kuzi16

kuzi16

laker1963

phobicsquirrel

kuzi16

phobicsquirrel

kuzi16

phobicsquirrel:

I've done my share of posting links kuzi. Doesn't do any good. I just see the same circles around and around.

your posts always are people that agree with you but no actual documentation on how everyone got so greedy all of a sudden. It is easy to blame "greed" when there is far more to this complex system than that.

phobicsquirrel:

Fact is if letting business's do things their way and without any oversight then greed is ultimately taking over. That's what has happened with this current crisis, and even after the bailouts (which I do agree with you shouldn't have been done) wall street and banks are doing the same type of things or at least trying too. I do agree that too much control is bad but with the way the current system is, checks and balances need to be done.

in a free market the checks and balances are risk. the government took away the risk and that let the greed to seep in. (when you arent risking your money, because the government will bail you out, who cares?) please, PLEASE, take the time to read the links before you comment. if you look at what i have been saying all along, greed did play a roll. the government let the greed happen by regulating out the risk that would have kept people from making the loans in the first place. your entire argument is that the system was not regulated when in fact it was regulated. HIGHLY regulated. the last few sets of links point that out in a very well documented way, but you refuse to even look at them or even pay any attention to what i am saying.

phobicsquirrel

kuzi16:

phobicsquirrel:

I've done my share of posting links kuzi. Doesn't do any good. I just see the same circles around and around.

your posts always are people that agree with you but no actual documentation on how everyone got so greedy all of a sudden. It is easy to blame "greed" when there is far more to this complex system than that.

phobicsquirrel:

Fact is if letting business's do things their way and without any oversight then greed is ultimately taking over. That's what has happened with this current crisis, and even after the bailouts (which I do agree with you shouldn't have been done) wall street and banks are doing the same type of things or at least trying too. I do agree that too much control is bad but with the way the current system is, checks and balances need to be done.

in a free market the checks and balances are risk. the government took away the risk and that let the greed to seep in. (when you arent risking your money, because the government will bail you out, who cares?) please, PLEASE, take the time to read the links before you comment. if you look at what i have been saying all along, greed did play a roll. the government let the greed happen by regulating out the risk that would have kept people from making the loans in the first place. your entire argument is that the system was not regulated when in fact it was regulated. HIGHLY regulated. the last few sets of links point that out in a very well documented way, but you refuse to even look at them or even pay any attention to what i am saying.

You always assume I don't read links, I do. There has been massive de-regulation done, but I do agree that the government has played a role in the current crisis, failed economic policies done by reagan, bush, clinton, and bush W. Wallstreet has been making money on massive speculations which is not investing, it's moving money around that doesn't even exist. One way you can see de-regulation is how monopolies are once again plaguing the US markets, all the mergers and buyouts of large companies. Even during the bailouts, they gobbled each other out. And yes, govt did play a role. Look at who has been in office and in key positions. Even now there are wall street thugs in the economic team that advises the president. one of my own congressmen have started to probe guitner on his policies and many democrats are moving to remove him and sommers.

kuzi16

kuzi16

and what monopolies do we have today?

Garen B

PuroFreak

phobicsquirrel

kuzi16

you didnt name a single monopoly.

kuzi16

kuzi16

phobicsquirrel

once again your right.

kuzi16