MaggieMae
Reality bits
- Apr 3, 2009
- 24,043
- 1,635
- 48
I know you why guys want to regulate banks and that is because it is a part of your communist doctrine about how to create a socialist society so drop the pretense about wanting to help people because logic would say that when banks are free to do as they want they will loan out money when there is a profit to be made but when you regulate so they can't take chances then they don't unless its permissable by the government and no one wants to run a business like that.
Yeah, that's it.
I suspect the situation will get much worse and we will prove that bank regulations don't work and actually hurt the economy. The ironic thing is is that it was government involvement in the banks that caused the mess to begin with and yet you people seem to think that more government involvement is needed?
That is stange...very very strange...
So now you're supportive of the financial institutions that fucked you over? Huh, imagine that. All the government's doing, you say. That's why both Greenspan and Cox have admitted government should have paid MORE ATTENTION. Gotcha.
Yes it was all government's doing because they made it to easy for people to get loans which private non-government banks would not have done because it was they would be risking their own money but as long as the government has some control they are obligated to run the financial institutions in a safe manor which involves making sure that banks don't make mass stupid loans that can't be repaid. What Gspan and Cox were really saying is that the people who brought ideas about stopping the bad lending aka republicans were right.