To hear Liberals, you'd think the GOP did away with ALL Regulations while in Power...

Discussion in 'Economy' started by mal, Oct 25, 2010.

  1. mal
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    mal Diamond Member

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    Yet I never see ANY Evidence of this Claim...

    What Industry is Regulation Free?...

    What Industries have had Regulations Removed by the GOP?...

    Anyone?...

    :)

    peace...
     
  2. uscitizen
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    uscitizen Senior Member

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    Republicans just tend to underfund agencies representing things they do not like.
    So that enforcement is very lax.
    They kow they cannot dereg everything.
    But they can dream?
     
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  3. Dr.Traveler
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    Dr.Traveler Mathematician

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    Bush was a big fan of rolling back EPA standards via Executive Order, non-enforcement, or defunding. It's actually pretty hard to roll back regulations using legislation or the courts as such a maneuver usually ends up reminding folks why the regulation was there in the first place.

    The Bush EPA: A Spooky Retrospective

    You can find a summary of some of the regulatory decisions made under Bush there when it comes to the Environment. I will admit, it's a partisan pro-climate change site, but a great deal of the claims are documented if you care to check them out.

    Googling "Bush and EPA" gives links to all kinds of articles on the web about some of the decisions he made that rolled back EPA regulations.
     
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    Last edited: Oct 25, 2010
  4. JBeukema
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    JBeukema BANNED

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    Mms...
     
  5. mal
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    mal Diamond Member

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    Still not seein' the, "The REPUBLICans did away with Regulations when they were in Power" Cry I am Hearing on the National Radio Networks formerly Known as Err Amerika...

    To Thumb Fartmann's Credit, he Blames EVERYTHING on the 80's and Reagan...

    Including Slavery.

    :)

    peace...
     
  6. finebead
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    finebead VIP Member

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    Here is one of the worst, that created the "too big to fail" banks, by allowing them to take on way too much debt, that had been prevented after the great depression.

    http://www.nytimes.com/2008/10/03/business/03sec.html?_r=1
     
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  7. mal
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    mal Diamond Member

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    Big Banks aren't Regulated?...

    :)

    peace...
     
  8. Skull Pilot
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    Skull Pilot Platinum Member

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    Dimmies also conveniently forget that the deregulation directly responsible for too big to fail financial institutions was signed by none other than Bill Clinton.
     
  9. Toro
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    Toro Diamond Member

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    It is wrong to say that there is less regulation in general than 10, 20, 30+ years ago.

    The problem is that what got us into this mess was largely unregulated, and the financial industry paid lobbyists and politicians handsomely to keep it that way.
     
  10. finebead
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    finebead VIP Member

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    Sure, all the ones that are "NOT" too big to fail are regulated.

    I have shown the repub controlled SEC relaxing the Net Capital Rule from 15:1 to 45:1 and allowing the investment banks to "monitor their own risk", which did not work out at all.

    This excessive leverage allowed by the repub SEC directly led the failure of Lehman Bros, which paniced the financial markets in Sept. 2008, it led to the sale of Bear Stearns and Merrill Lynch for pennies on the dollar, and it led to the conversion of Goldman Sachs and Morgan Stanley from investment banks to commercial banks to bring them under regulation of the commercial banking rules to prevent the risky behavior they engaged in.

    When we bailed out AIG, we were really bailing out Goldman who was heavily dependent on AIG Credit Default Swaps (CDS).

    These investment banks had been in business since prior to the Civil War, and survived great depression and both world wars, but in 5 years after the net capital rule was relaxed, all had lost control of themselves at investment banks via bankruptcy, sale, or conversion of charter.

    The question is not so much "are the banks regulated" as, "were the banking regulations sufficient to deal with the activities we were engaged in", and the answer clearly is no. There were not adequate regulations to prevent a meltdown of our financial infrastructure.

    The deregulation of the repub SEC of the Net Capital rule allowed the 5 biggest banks to increase their risk, without supervision, leading to their failure of the "too big to fails".

    Do you want to contend this action was insignificant? You asked for an example of repub deregulation, and I have shown it to you.
     

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