i call bullshit.
it wasn't so that everyone could own a home, but so that MORE people could own a home and it was Phil Graham's legislation that deregulated that allowed the big financial institutions in to GREED.....
And what about Bear Sterns, and Morgan stanley and Lehman and washington mutual and AIG?
Who had the "relationship" with these corps?
hogwash....
the BANKS and Financial Institutions took advantage of the deregulation and made UNSOUND FINANCIAL MOVES for pure GREED....they f-d us....they couldn't give 2 poops about people owning homes....they only cared about themselves and the immediate money they could make off of the poor new homeowners....
First... PRECISELY how does 'de-regulation eqaute to greed?' Canyou answer that for me please? I am truly interested in hearing how you have come ot this conclusion.
Now if the answer is that you heard someone else say it and you 'felt like that made sense' then FINE... but just admit it.
All deregulation does is CUT the cost of doing business; it allows those IN BUSINESS TO DO BUSINESS.
Now business is merely the process of exchanging vaue for value, where both interests realize a profit. When you buy toilet paper, you exchange the product of your labor for that product... the person that has the toilet paper sells it to you for more than they paid for it, from that he pays a percentage of his expenses which he incurred in the process of selling you that TP and at the end of the calaculation he has more in his pocket than he had before he sold it to you; YOU have a roll of TP which serves a need which you were unable to serve prior to the exchange. How does deregulating the guy that sold you that TP, reducing the burden he was forced to endure to GET YOU THAT TP, amount to GREED?
PLEASE be specific and honest in your response...
Secondly, Business is a human endeavor, thus it is subject to the pitfalls of humanity, JUST AS GOVERNMENT IS A HUMAN ENDEAVOR... EXCEPT WITH GOVERNMENT COMES POWER, WHICH IMMEDIATELY AMPLIFIES THE TENDENCY TO SUCCUMB TO THE PITFALLS OF HUMANITY... The seven deadly sins, negative human traits and what have you.
Businesses are going to make mistakes; their management is going to miscalculate at times and there is absolutely NOTHING that YOU or ANYONE IN GOVERNMENT IS GOING TO DO ABOUT THAT EXCEPT MAKE IT WORSE!
When government regulates business, it simply adds an additional level or LEVELS of complexity to the equation; it adds additional costs in terms of time and capital liabilities which would otherwise not be present. What's MORE is that Government is EVEN MORE PRONE to human error than is Business. This based upon nothing more than government NOT BEING ACCOUNTABLE to ANYONE... it's not even accountable to the MARKET. When Business screws up it suffers in any number of ways... it may be a reduction in cash flow, an increase in its costs, a loss in or OF its profits and if it screws up sufficiently that business DIES...
The Federal Government in particular does not suffer such accountability; its revenues are on going, its tax base ever increasing and when the base falls short it merely increases the tax rate to make up the difference. Thus Government has no incentive to carefully consider its decisions, its expenses.
Oh sure there's the ever present cacophony generated by the various factions, in the case of the US Federal Government you have the Americans trying to tend to their constitutionally mandated responsibilities and the Socialists, moderates and centrists crying about CORPORATE GREED and for more money for
future social policy failures through which they buy votes, thus power... but the fact is that there is no person, no market forces such as competition which holds government accountable; THUS GOVERNMENT IS NOT ACCOUNTABLE and as such has NO INCENTIVE FOR GOVERNMENT TO GIVE A HAPPY DAMN ABOUT YOU, YOUR HOUSE OR anything else about you.
Yet people sit around and delude themselves into believing that their government is better able to provide them with Jobs, cares about whether or not they own a home and if they have healthcare, when all government cares about is ITSELF! It lives for no other purpose than to survive. The people in government have their security
individually they have their little chunk of power and their job, their mission in life is to PROTECT THAT... and they arent ABOUT to risk it because of YOU.
This falls under the rubric: "Be careful what you wish for." Because while you may not like it that Business is not perfect and that they don't care about you...; those you're letting take over these businesses are by the very nature of their being, SUBSTANTIALLY MORE CARELESS... than business could ever HOPE to be... You're asking the fire to tend to your dinner because the pan is too hot. Take the pan off the fire for a bit and it'll cool down... don't buy into the idea that the fire can do a better job of cooking your meal... as all you'll come away with in that arrangement is a bigger fire and a hungry belly.
Now again... What makes 'de-regulation' synonymous with greed?
