A Tale of Two Financial Collapses

[zeke]

Yeah! Obama came in and enacted policies that slowed a surging economy. He knew that mother nature would eventually bring the economy back and he'd get credit for it. What a scheming usurper!

Finally, someone with a handle on the "truth". And Obama was colluding with Mitch the Turtle McConnell since the day Obama was elected to make the economy suck and then have Mitch come in and save the day by doing nothing but wait till it snowed and mother nature started working her magic on the economic recovery.

Good god this fantasy of the repubs sure is fun.

 

[DriftingSand]

Iceland’s former prime minister acquitted over role in financial crisis

The court indicated its approval of Haarde’s activities, declaring that he would face no punishment. The judges ruled that his legal expenses for the trial would be borne by the state.

Iceland s former prime minister acquitted over role in financial crisis - World Socialist Web Site

So a waste of time and money. Plus, the financial crisis began before Obama took office. Cause precedes effect. It doesn't follow it.

And what's this 'Obama the Usurper' nonsense? I think the word you're looking for is 'Elected'.

You can thank Jimmy Cawtaw and Slick Willy Clinton for the housing bubble (along with Bawny Fwank and others).

 

[occupied]

Amazing, The question was "why didn't we do what Iceland did in the recession" The answer is right here in this thread. Iceland punished bankers for their carelessness and enacted real reform to ensure it did not happen again. We had a bunch of politicians too bought off and scared to do that and instead blamed each other for what they all had a hand in while covering for Wall Street. Third page and no one is even talking about the only people who came out ahead when the smoke settled. When it happens again most of you will still be looking exclusively at the government while the big banks engineer another bubble and position themselves to grab a bigger market share without fear.

 

[CrusaderFrank]

Eliminate FDIC insurance. No need to bail out anyone and no more private gain and public loss

 

[CrusaderFrank]

Why is our government involved in the housing market AT ALL??

 

[zeke]

Eliminate FDIC insurance

Your stupidity knows no limits frank. Really. Not kidding. You are one stupid mother fucker.

 

[Mac1958]

.

So...

• Re-establish Glass Steagall, or something damn similar - break up the banks, end Too Big To Fail, end massive conflicts of interest
  
• Confirm that leverage utilized by financial institutions is properly restricted
  
• Improve regulations on derivatives
• Eliminate the possibility that any security or insurance product can be unregulated
• New guidelines on initial marketing approvals for all investment products
• Balanced Budget Amendment
• Strict, short term limits

That would be a good start.

.

 

[gipper]

What are you trying to say here? Because the crisis started prior to Obama then he is absolved from doing as Iceland did? Did Bush have time to save the US from the mess Congress caused? But let's say Bush was totally at fault why does that absolve Obama from doing what Iceland did? After all the left, after 6 years are bragging he saved the economy. When in reality the economy grew out of what he actually did do to slow the recovery. It was going to happen eventually it just took a long time.

Yeah! Obama came in and enacted policies that slowed a surging economy. He knew that mother nature would eventually bring the economy back and he'd get credit for it. What a scheming usurper!

I don't think he did anything just to slow the economic recovery, on purpose. But he was told what he was doing would slow the recovery and history proves that to be true. Remember when he was bailing out the banks and there were a lot of people saying that just wasn't right? Big enough not to fail? Well he bailed them out and put crushing debt on our grandchildren. He became part of the problem.

Of course he did! Crushing debt. He's going to go down in history as the most irresponsible POTUS ever when it comes to managing how our money is spent! That's obvious!

By the way....the bank bailout took place before he became POTUS....but why let that get in the way of this fairy tale?

Obama is just one of many that should have been indicted. Add Bush and the entire Congress since 2008.

The bailouts did what they were designed to do. Protect and enrich the banks and wall street.

Why would Obama be indicted?

.

For violating the oath of office, but then nearly all in Congress and most past presidents would have to be indicted too, for the same offence.

 

[The2ndAmendment]

How many questions did you just dodge? If you don't have an answer, just say so.

I'd negotiate with a terrorist before a mangina. At least terrorists are men with clear demands.

So you abandoned your claims regarding 'Obama the Usurper', now running from any discussion of them.

That was easy.

Obama the Usurper was the title that won the USMB poll for usurping Congress's monopoly on legislative power.

Error US Message Board - Political Discussion Forum

 

[LoneLaugher]

How many questions did you just dodge? If you don't have an answer, just say so.

I'd negotiate with a terrorist before a mangina. At least terrorists are men with clear demands.

So you abandoned your claims regarding 'Obama the Usurper', now running from any discussion of them.

That was easy.

Obama the Usurper was the title that won the USMB poll for usurping Congress's monopoly on legislative power.

Error US Message Board - Political Discussion Forum

Awesome poll!

 

[The2ndAmendment]

When it happens again most of you will still be looking exclusively at the government while the big banks engineer another bubble and position themselves to grab a bigger market share without fear.

Wow, you're starting to sound like an Alex Jones conspiracy theorist...maybe there is hope for this man yet.

 

[Skylar]

How many questions did you just dodge? If you don't have an answer, just say so.

I'd negotiate with a terrorist before a mangina. At least terrorists are men with clear demands.

So you abandoned your claims regarding 'Obama the Usurper', now running from any discussion of them.

That was easy.

Obama the Usurper was the title that won the USMB poll for usurping Congress's monopoly on legislative power.

Error US Message Board - Political Discussion Forum

All 3 of you, huh?