The failure of deregulation

[starcraftzzz]

Electric deregulation fails to live up to promises as bills soar - USATODAY.com
^States that deregulated their energy sectors saw costs increase 30% more than states that regulated their energy sectors.
^
Electricity Restructuring by State
^Map showing deregulated states/ regulated states etc.
Economic Failures of Private Water Systems | Food & Water Watch
^In America deregulated water utilities cost on average 27% more than their government owned counterparts. American private water companies charge 13-50% more than government owned water utilities

http://www.nytimes.com/2006/12/11/opinion/11schlosser.html?_r=1&pagewanted=all
Food risks up, inspections down - Health - Infectious diseases - msnbc.com
MakeOurFoodSafe.org - Make Our Food Safe
^report shows that there are 76 million foodborne illnesses, and 5,000 deaths costing more than 12 billion each year in just medical costs.
^Defunding/deregulation of FDA/USDA has resulted in an 81% drop in services which as a result the number of foodborne illness outbreaks has increased by around 300%.
^Current food safety expenses are 650million (FDA) 970million (USDA) or 1.6billion total. Expansion of food safety spending of 125 %( 44% higher than needed to achieve 1980 levels of service) would cost 2 billion dollars a year.
****Deregulation/funding cuts of the FDA has caused 36 million more foodborne illnesses, likely resulting in 3,000 more deaths and net of at least 5 billion dollars more a year in medical costs. When taking into account life expectancy time off work and other non-medical costs the amount staggers up to 50 billion dollars each year.
----So expanding the FDA/USDA spending by 125% (2 billion dollars) would save 3,000 lives and save around 50 billion dollars each year.
^
Senate Reaches Agreement On Food Safety Bill To Exempt Small Farms
The new food safety modernization act of 2010, expands the FDA by 1.4 billion, and gives the FDA and other food safety agencies more regulatory power. These two things will help save 3,00 lives and a 50 billion dollars each year.

 

[Truthmatters]

everytime we deregulate the people get fucked

 

[EdwardBaiamonte]

everytime we deregulate the people get fucked

so are you a communist? Do you want bureaucrats in DC to run all industries?

 

[itfitzme]

everytime we deregulate the people get fucked

so are you a communist? Do you want bureaucrats in DC to run all industries?

So, are you a moron that wants to get salmonella and e-coli poisoning?

 

[tjvh]

everytime we deregulate the people get fucked

Regulation? Like how the SEC worked so well for Bernie Madoff.

 

[itfitzme]

everytime we deregulate the people get fucked

Regulation? Like how the SEC worked so well for Bernie Madoff.

You mean the failure of the SEC to regulate?

 

[EdwardBaiamonte]

So, are you a moron that wants to get salmonella and e-coli poisoning?

and a fool liberal thinks government regulators will prevent that?? Red China was well regulated and 60 million slowly starved to death. Now they have capitalist regulation and they buy more cars than we do having started from scratch just 30 years ago!!


Warren Buffett: "There are significant limits to what regulation can accomplish. As a dramatic illustration, take two of the biggest accounting disasters in the past ten years: Freddie Mac and Fannie Mae. We're talking billions and billions of dollars of misstatements at both places".

Now, these are two incredibly important institutions. I mean, they accounted for over 40% of the mortgage flow a few years back. Right now I think they're up to 70%. They're quasi-governmental in nature. So the government set up an organization called OFHEO. I'm not sure what all the letters stand for. [Note to Warren: They stand for Office of Federal Housing Enterprise Oversight.] But if you go to OFHEO's website, you'll find that its purpose was to just watch over these two companies. OFHEO had 200 employees. Their job was simply to look at two companies and say, "Are these guys behaving like they're supposed to?" And of course what happened were two of the greatest accounting misstatements in history while these 200 people had their jobs. It's incredible. I mean, two for two!

“Whatever regulatory changes are made, they will pale in comparison to the change already evident in today’s markets,” he said. “Those markets for an indefinite future will be far more restrained than would any currently contemplated new regulatory regime.”-Alan Greenspan

 

[ShootSpeeders]

Deregulation would work if it was combined with a policy of no bailouts. Then companies would regulate themselves.

 

[EdwardBaiamonte]

Deregulation would work if it was combined with a policy of no bailouts. Then companies would regulate themselves.

capitalism is no bailouts!! 10,000 companies go under each month!!

The banks did not really get bailed out out as much as we did since the bailouts protected our money, most bank shareholders got wiped out on the other hand!! Plus, the bailout money was repaid while personal welfare bailouts are not ever repaid but rather designed to buy votes for democrats.

 

[EdwardBaiamonte]

everytime we deregulate the people get fucked

Regulation? Like how the SEC worked so well for Bernie Madoff.

You mean the failure of the SEC to regulate?

and the failure of Congress to regulate Fanny
and the failure of Congress to regulated Freddie
and the failure of Congress to regulate the Fed
and the failure of Congress to regulate accounting standards
and the failure of Congress to make Sarbanes Oxly regulate accounting statements even after Enron!

you see dear, soviet regulators are human and subject to causing systemic failure like the current depression and 1929 Depression, while capitalists operate in an environment that provides instant rewards and punishments , relatively speaking, for not pleasing your constituents. Moreover, capitalism prevents monopoly and systemic or national failure, while liberal soviet monopoly encourages it.

And now even you can understand why intelligent people are Republicans and capitalists. Are you intelligent??

 

[bobgnote]

Clinton signed deregulation of banks, 1999. The whole country is ignoring how the value has been squeezed out of the system, and hedge is the only thing left, for money to flow into.

When we don't have to bear the cost of drug and other wars, we can manufacture, if we keep the Chinese out.

 

[itfitzme]

Regulation? Like how the SEC worked so well for Bernie Madoff.

You mean the failure of the SEC to regulate?

and the failure of Congress to regulate Fanny
and the failure of Congress to regulated Freddie
and the failure of Congress to regulate the Fed
and the failure of Congress to regulate accounting standards
and the failure of Congress to make Sarbanes Oxly regulate accounting statements even after Enron!

you see dear, soviet regulators are human and subject to causing systemic failure like the current depression and 1929 Depression, while capitalists operate in an environment that provides instant rewards and punishments , relatively speaking, for not pleasing your constituents. Moreover, capitalism prevents monopoly and systemic or national failure, while liberal soviet monopoly encourages it.

And now even you can understand why intelligent people are Republicans and capitalists. Are you intelligent??

You are talking jibberish.

Why so afraid to say if your a moron that wants to get e-coli poisoning? What does your fear tell you? That Bernanke and Friedman didn't say that the Great Depression was caused by not following the rules of the gold standard?

Why so afraid to prove it? Are you afraid to admit that your an idiot?

 

[itfitzme]

So, are you a moron that wants to get salmonella and e-coli poisoning?

and a fool liberal thinks government regulators will prevent that?? Red China was well regulated and 60 million slowly starved to death. Now they have capitalist regulation and they buy more cars than we do having started from scratch just 30 years ago!!


Warren Buffett: "There are significant limits to what regulation can accomplish. As a dramatic illustration, take two of the biggest accounting disasters in the past ten years: Freddie Mac and Fannie Mae. We're talking billions and billions of dollars of misstatements at both places".

Now, these are two incredibly important institutions. I mean, they accounted for over 40% of the mortgage flow a few years back. Right now I think they're up to 70%. They're quasi-governmental in nature. So the government set up an organization called OFHEO. I'm not sure what all the letters stand for. [Note to Warren: They stand for Office of Federal Housing Enterprise Oversight.] But if you go to OFHEO's website, you'll find that its purpose was to just watch over these two companies. OFHEO had 200 employees. Their job was simply to look at two companies and say, "Are these guys behaving like they're supposed to?" And of course what happened were two of the greatest accounting misstatements in history while these 200 people had their jobs. It's incredible. I mean, two for two!

“Whatever regulatory changes are made, they will pale in comparison to the change already evident in today’s markets,” he said. “Those markets for an indefinite future will be far more restrained than would any currently contemplated new regulatory regime.”-Alan Greenspan

So, in you over exaggerated, uneducated, paranoid delusional little mind, all regulations are identical. Regulation of water and energy utilities, product and food safety, the SEC, OFHEO, and all regulations and regulatory agencies are identical to Red China.

Are you just to afraid to admit that you are an idiot? What's your fear tell you?

 

[gxnelson]

Clinton signed deregulation of banks, 1999. The whole country is ignoring how the value has been squeezed out of the system, and hedge is the only thing left, for money to flow into.

When we don't have to bear the cost of drug and other wars, we can manufacture, if we keep the Chinese out.

The Act you are talking about it's completely at fault for the current economy. The banks sieze on a loophole they found in the Glass-Steagall Act of 1933. The loophole was that if a bank was not part of the Federal Reserve system, they did not have to adhere to the new policies. So the little banks which were subsidiaries of the big ones could bundle loans and what not as they wanted. The Gramm Leach Bliley Act had little to do with the economic problem of today, instead it is being used as a scape goat.

 

[EdwardBaiamonte]

So, in you over exaggerated, uneducated, paranoid delusional little mind, all regulations are identical. Regulation of water and energy utilities, product and food safety, the SEC, OFHEO, and all regulations and regulatory agencies are identical to Red China.

Yes dear, all regulators are equal, they are all people. When people are given monopoly regulatory control over the entire nation they can do what they did in Red China. When power is widely distributed in a capitalist system people instantly stop starving to death and start getting rich. China is the most recent example. Its been in all the papers!! Think about it over and over again!! Ask you Mom to explain it to you. Read Bufett again!! Try to figure out exactly where the argument gets too complex for you and then ask questions on that specific point!!

Got it now???

 

[rdean]

everytime we deregulate the people get fucked

so are you a communist? Do you want bureaucrats in DC to run all industries?

Drive your family in a car made without regulations down a road without speed limits. If you make it back alive, tell us how it was.

 

[EdwardBaiamonte]

everytime we deregulate the people get fucked

so are you a communist? Do you want bureaucrats in DC to run all industries?

Drive your family in a car made without regulations down a road without speed limits. If you make it back alive, tell us how it was.

what????????

 

[Rshermr]

Clinton signed deregulation of banks, 1999. The whole country is ignoring how the value has been squeezed out of the system, and hedge is the only thing left, for money to flow into.

When we don't have to bear the cost of drug and other wars, we can manufacture, if we keep the Chinese out.

The Act you are talking about it's completely at fault for the current economy. The banks sieze on a loophole they found in the Glass-Steagall Act of 1933. The loophole was that if a bank was not part of the Federal Reserve system, they did not have to adhere to the new policies. So the little banks which were subsidiaries of the big ones could bundle loans and what not as they wanted. The Gramm Leach Bliley Act had little to do with the economic problem of today, instead it is being used as a scape goat.

Wow, GX, have you got that wrong. Please let me know of your source, I would love to check it out.

 

[gxnelson]

Clinton signed deregulation of banks, 1999. The whole country is ignoring how the value has been squeezed out of the system, and hedge is the only thing left, for money to flow into.

When we don't have to bear the cost of drug and other wars, we can manufacture, if we keep the Chinese out.

The Act you are talking about it's completely at fault for the current economy. The banks sieze on a loophole they found in the Glass-Steagall Act of 1933. The loophole was that if a bank was not part of the Federal Reserve system, they did not have to adhere to the new policies. So the little banks which were subsidiaries of the big ones could bundle loans and what not as they wanted. The Gramm Leach Bliley Act had little to do with the economic problem of today, instead it is being used as a scape goat.

Wow, GX, have you got that wrong. Please let me know of your source, I would love to check it out.

Google sections 16 and 21 of the Glass Steagall Act. If you can get through the jargon it's all right there.

 

[Rshermr]

So, in you over exaggerated, uneducated, paranoid delusional little mind, all regulations are identical. Regulation of water and energy utilities, product and food safety, the SEC, OFHEO, and all regulations and regulatory agencies are identical to Red China.

Yes dear, all regulators are equal, they are all people. When people are given monopoly regulatory control over the entire nation they can do what they did in Red China. When power is widely distributed in a capitalist system people instantly stop starving to death and start getting rich. China is the most recent example. Its been in all the papers!! Think about it over and over again!! Ask you Mom to explain it to you. Read Bufett again!! Try to figure out exactly where the argument gets too complex for you and then ask questions on that specific point!!

Got it now???

Good God, Ed. What a prophet you are. You have figured out that:
1. The the workers in china are all doing great, thanks to capitalism? Never mind that nearly all live at bare subsistence levels. Never mind that they have the most regulated industry around. Never mind that they are not a democracy, and not a capitalist economy. They are centrally planned with a huge underpaid workforce that is killing the capitalist ideal of this country, what is left of it, anyway.
2. And regulation kills the capitalist dream??? Glad you think that all corporations have our interests at heart. The financiers, my friend, are making millions and billions, after pushing this country into a near depression, thanks to deregulation. You are probably not aware, but check 1999, the Gramm Leach Bliley Act.
You continue to call people obnoxious names, which is perfectly in character for a totally ignorant political tool. Try reading a bit, maybe a variety of opinions.