The GOP & OTC Derivatives.

Discussion in 'Politics' started by Dante, Dec 7, 2009.

  1. Dante
    Offline

    Dante On leave Supporting Member

    Joined:
    Dec 1, 2008
    Messages:
    52,463
    Thanks Received:
    3,324
    Trophy Points:
    1,825
    Location:
    On leave
    Ratings:
    +6,054
    How much did the OTC debt contribute to the current economic crisis?
    :eusa_whistle:

    And where does the GOP stand on this issue?
    Still pushing OTC derivatives...-


    hmmm... ...wiki/Derivative_(finance)
     
    Last edited: Dec 7, 2009
  2. Dante
    Offline

    Dante On leave Supporting Member

    Joined:
    Dec 1, 2008
    Messages:
    52,463
    Thanks Received:
    3,324
    Trophy Points:
    1,825
    Location:
    On leave
    Ratings:
    +6,054
  3. Dante
    Offline

    Dante On leave Supporting Member

    Joined:
    Dec 1, 2008
    Messages:
    52,463
    Thanks Received:
    3,324
    Trophy Points:
    1,825
    Location:
    On leave
    Ratings:
    +6,054
    GOP mantra is "The markets always self correct," right?
     
  4. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Would you all quit fussing over which side screwed us and realize that both of them did?
    Your own side screwed you whether you are a dim or a repug.
    Work on that instead of being a good little sheeple.
     
  5. Dante
    Offline

    Dante On leave Supporting Member

    Joined:
    Dec 1, 2008
    Messages:
    52,463
    Thanks Received:
    3,324
    Trophy Points:
    1,825
    Location:
    On leave
    Ratings:
    +6,054
    really? thanks for winning me over to your point of view so swiftly.

    you rock baby
    :cuckoo:
     
  6. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,619
    Thanks Received:
    7,821
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,214
    Yeah, unless they are undermined in a truly futile and stupid effort to bail out the idiots. Like Barak Insane Obama is doing now.
     
  7. Dante
    Offline

    Dante On leave Supporting Member

    Joined:
    Dec 1, 2008
    Messages:
    52,463
    Thanks Received:
    3,324
    Trophy Points:
    1,825
    Location:
    On leave
    Ratings:
    +6,054
    hmmm, I seem to remember the bail out starting with the GOP and Bush support.

    feel free to correct me if I'm wrong
     
  8. Mr. H.
    Offline

    Mr. H. Diamond Member

    Joined:
    Aug 19, 2009
    Messages:
    44,117
    Thanks Received:
    9,265
    Trophy Points:
    2,030
    Location:
    A warm place with no memory.
    Ratings:
    +15,394
    House eases restrictions on derivatives trades

    WASHINGTON – A bipartisan coalition in the House voted late Thursday to make it easier for corporations to engage in complex derivatives trades without government restrictions, eroding the reach of proposed regulations to govern Wall Street.

    Democratic attempts to toughen the legislation failed.

    Though not major setbacks, the votes illustrated the difficulties facing House Financial Services Committee Chairman Barney Frank and the Obama administration as they seek to pass legislation aimed at preventing a recurrence of last year's Wall Street crisis.
     
  9. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,619
    Thanks Received:
    7,821
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,214
    And I seem to remember that Obama ran on the mantra of ending the failed policies of the Bush administration.
    Correct me if I'm wrong.
    Instead he doubled down on a bad bet.
     

Share This Page

Search tags for this page

bernie sanders otc derivatives regulation