Wacky Quacky
Gold Member
- May 16, 2011
- 2,103
- 377
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Deregulation caused this mess.
To pretend it didnt is how you guys opperate
Wrong. It was an amalgamation of problems that caused this mess. Deregulation being one of the least. Idiotic Americans being the biggest problem.
Take the BP oil spill as an example. We had all of the regulation imaginable to prevent that disaster, but it was because the regulation was being ignored by the government watchdogs that it still happened. Regulation is meaningless if it's not enforced.
And come on, if someone is going to make a major purchase like buying a house, you would think that they would do just the tiniest bit of research on the different types of loans. But because the American people were more concerned with living like kings on wages that couldn't support it, and have the financial IQ of a gnat, they all went belly up.
Add on top of that the securities trading, gas prices, outsourcing, the value of the dollar, and more issues that I can't think of right now, and THAT'S why we're in this mess. If you think regulation that never would have been enforced would have prevented all that, then I suggest you take time from arguing unsupported talking points and go do some research on the current recession and what got us here.