Here's Your Deregulation You Peons

[HoleInTheVoid]

[youtube]_MGT_cSi7Rs[/youtube]
You keep crying and crying and crying "DEREGULATION DID THIS!"

OK, let's hang the bastards who propped-up the corporate fat cats.

 

[WillowTree]

hee hee hee

I hear crickets.


I see ostrich azz.

 

[dilloduck]

hee hee hee

I hear crickets.


I see ostrich azz.

It certainly contradicts any effort to lay this crisis on any one party. Now how we got here in the first place is another question.

 

[editec]

I find it rather astounding that the notwits on this board keep trying to blame the government, or the Dems or Republicans for what has been essantially at meltdown of the PRIVATELY OWNED banks.

Do you people NOT understand that if the rating companies (Moody's for example.. ALSO PRIVATE COMPANY) had done its job properly that NONE of this would have happened?

Of course you don't. That's why nobody seems to ever mention their role is this disaster.

Most of you are so faithfully sticking to the canard that government is the problem that even when there is TRILLIONS of dollars worth of evidence that makes this issue so apparent that even a child could understand it, you continue to want to make this an indictment of government.

Now to the extent that you can blame government at all, you can blame government for is NOT BEING SOCIALIST (read regulatory) ENOUGH.

Do you neocons and Republican apologists actually get that?

I rather doubt it.

Most of you Democratic and Republican Party basher really have no idea what the problem is or why it happened.

It is evident from your postings you're more than just somewhat clueless.

This disaster is really a brilliant failure of private corporations to regulate themselves, folks.

Government's role in this was NOT having a role in preventing it, as it should have.

 

[Paulie]

I find it rather astounding that the notwits on this board keep trying to blame the government, or the Dems or Republicans for what has been essantially at meltdown of the PRIVATELY OWNED banks.

Do you people NOT understand that if the rating companies (Moody's for example.. ALSO PRIVATE COMPANY) had done its job properly that NONE of this would have happened?

Of course you don't. That's why nobody seems to ever mention their role is this disaster.

Most of you are so faithfully sticking to the canard that government is the problem that even when there is TRILLIONS of dollars worth of evidence that makes this issue so apparent that even a child could understand it, you continue to want to make this an indictment of government.

Now to the extent that you can blame government at all, you can blame government for is NOT BEING SOCIALIST (read regulatory) ENOUGH.

Do you neocons and Republican apologists actually get that?

I rather doubt it.

Most of you Democratic and Republican Party basher really have no idea what the problem is or why it happened.

It is evident from your postings you're more than just somewhat clueless.

This disaster is really a brilliant failure of private corporations to regulate themselves, folks.

Government's role in this was NOT having a role in preventing it, as it should have.

Once again, failing to hold the consumers accountable for their uninformed decisions.

The banks would be fine right now, had the borrowers known what it was they were signing. Of course, signing that mortgage and securing the loan was more important to most people than being informed about whether or not it would ultimately be a good decision in the first place.

So your answer is that government should do the job that consumers should have done themselves.

Just one more way the citizens of this country become even more stupid and apathetic.

 

[dilloduck]

I find it rather astounding that the notwits on this board keep trying to blame the government, or the Dems or Republicans for what has been essantially at meltdown of the PRIVATELY OWNED banks.

Do you people NOT understand that if the rating companies (Moody's for example.. ALSO PRIVATE COMPANY) had done its job properly that NONE of this would have happened?

Of course you don't. That's why nobody seems to ever mention their role is this disaster.

Most of you are so faithfully sticking to the canard that government is the problem that even when there is TRILLIONS of dollars worth of evidence that makes this issue so apparent that even a child could understand it, you continue to want to make this an indictment of government.

Now to the extent that you can blame government at all, you can blame government for is NOT BEING SOCIALIST (read regulatory) ENOUGH.

Do you neocons and Republican apologists actually get that?

I rather doubt it.

Most of you Democratic and Republican Party basher really have no idea what the problem is or why it happened.

It is evident from your postings you're more than just somewhat clueless.

This disaster is really a brilliant failure of private corporations to regulate themselves, folks.

Government's role in this was NOT having a role in preventing it, as it should have.

You're insane to think that the policies of the fed and congress had nothing to do with this meltdown.

 

[WillowTree]

I find it rather astounding that the notwits on this board keep trying to blame the government, or the Dems or Republicans for what has been essantially at meltdown of the PRIVATELY OWNED banks.

Do you people NOT understand that if the rating companies (Moody's for example.. ALSO PRIVATE COMPANY) had done its job properly that NONE of this would have happened?

Of course you don't. That's why nobody seems to ever mention their role is this disaster.

Most of you are so faithfully sticking to the canard that government is the problem that even when there is TRILLIONS of dollars worth of evidence that makes this issue so apparent that even a child could understand it, you continue to want to make this an indictment of government.

Now to the extent that you can blame government at all, you can blame government for is NOT BEING SOCIALIST (read regulatory) ENOUGH.

Do you neocons and Republican apologists actually get that?

I rather doubt it.

Most of you Democratic and Republican Party basher really have no idea what the problem is or why it happened.

It is evident from your postings you're more than just somewhat clueless.

This disaster is really a brilliant failure of private corporations to regulate themselves, folks.

Government's role in this was NOT having a role in preventing it, as it should have.

Let me put it to you this way. I no longer give a shit who is responsible. No Bailout. Let all the shit they have been piling up come crashing down on their heads. Americans will just have to learn to live without credit. Not a bad idea.

 

[dilloduck]

Let me put it to you this way. I no longer give a shit who is responsible. No Bailout. Let all the shit they have been piling up come crashing down on their heads. Americans will just have to learn to live without credit. Not a bad idea.

Agreed--if our economy is a house of cards let it fall. The next government we elect can campaign on what new system they want to try.

 

[WillowTree]

Agreed--if our economy is a house of cards let it fall. The next government we elect can campaign on what new system they want to try.

we are well on the way. We used to have 5 investment banks. Only two are still standing.

 

[dilloduck]

we are well on the way. We used to have 5 investment banks. Only two are still standing.

The officers of those banks need a electronic tracking device locking firmly around their ankles.

 

[HoleInTheVoid]

I find it rather astounding that the notwits on this board keep trying to blame the government, or the Dems or Republicans for what has been essantially at meltdown of the PRIVATELY OWNED banks.

Fannie and Freddie are gov't ops run by gov't regs...or as the dems preferred...lack of regs.

Please tell us how your little tantrum refutes the fact that dem after dem refused to even acknowledge that these gov't institutions were in trouble let alone actually in need of reform, oversight and regulation.

So what if the rating houses didn't lump these subprimes in with AAA paper for tanches to be sold elsewhere.

If the bad loans had never been issued in the first place at democrat behest we would not have to worry about ratings.

 

[Orange_Juice]

Freddie and Fannie are not the only ones involved in this mess

And didn't Republ;icans control Congress in 2005?

 

[HoleInTheVoid]

Freddie and Fannie are not the only ones involved in this mess

And didn't Republ;icans control Congress in 2005?

You are the epitome of, "Mistakes were made, others will be blamed."

We got as many GOPers trying to fix the mess as dems denying it exists and actually excuriating the regulators doing their jobs. Just today in other threads you were whining about a lack of regulation. Well, here it is: regulators getting harrassed for doing what they're paid to do.

But somehow it's the GOP's fault for failing to stop the dems from buying votes from poor people with houses they can't afford. When you sneeze does it come out both faces at the same time?

 

[Orange_Juice]

You are the epitome of, "Mistakes were made, others will be blamed."

We got as many GOPers trying to fix the mess as dems denying it exists and actually excuriating the regulators doing their jobs. Just today in other threads you were whining about a lack of regulation. Well, here it is: regulators getting harrassed for doing what they're paid to do.

But somehow it's the GOP's fault for failing to stop the dems from buying votes from poor people with houses they can't afford. When you sneeze does it come out both faces at the same time?

Yes, and in other threads Republicans are saying that all regulations are bad. So what is it? Too much or not enough? If you are arguing that the Republicans tried to add regulations to the banking industry--not just the Macs--then you are just being stupid. Republicans also controlled both houses of Congress, the Presidency and the Supreme Court in 2005 and you want to blame the Democrats? Brilliant!

 

[HoleInTheVoid]

Yes, and in other threads Republicans are saying that all regulations are bad. So what is it?

1. Dems say they need regs but then blocked these as well as the ones in 2003 and 2006.

2. That is more than likely depends on regulation. Every fellow conservtive I've ever talked to has no problem with the gov't defining what does or does not define fraud, etc

3. Speaking of fraud Obama was calling Frank Raines for advice even after Raines was drummed-out for fraud

If you are arguing that the Republicans tried to add regulations to the banking industry--not just the Macs--then you are just being stupid. Republicans also controlled both houses of Congress, the Presidency and the Supreme Court in 2005 and you want to blame the Democrats? Brilliant!

Yeah, who am I going to believe? You or my own lying eyes?

The video shows republicans calling for oversight and dems attacking the regulators.

 

[dilloduck]

Freddie and Fannie are not the only ones involved in this mess

And didn't Republ;icans control Congress in 2005?

You're going to waste your life by blaming other people.

 

[Orange_Juice]

The video shows republicans calling for oversight and dems attacking the regulators.

It shows the minority party doing what? The guys not in charge saying what?

 

[Diuretic]

Once again, failing to hold the consumers accountable for their uninformed decisions.

The banks would be fine right now, had the borrowers known what it was they were signing. Of course, signing that mortgage and securing the loan was more important to most people than being informed about whether or not it would ultimately be a good decision in the first place.

So your answer is that government should do the job that consumers should have done themselves.

Just one more way the citizens of this country become even more stupid and apathetic.

The banks would be fine right now, had the borrowers known what it was they were signing.

The banks would have been very cranky if that were the case because the elaborate Ponzi scheme that they created would not have worked because the marks wouldn't have been duped.

Of course, signing that mortgage and securing the loan was more important to most people than being informed about whether or not it would ultimately be a good decision in the first place.

Of course getting the mark to sign so that the bonuses could be paid was more important than making sure repayment was likely.

 

[HoleInTheVoid]

The banks would be fine right now, had the borrowers known what it was they were signing.

The banks would have been very cranky if that were the case because the elaborate Ponzi scheme that they created would not have worked because the marks wouldn't have been duped.

Of course, signing that mortgage and securing the loan was more important to most people than being informed about whether or not it would ultimately be a good decision in the first place.

Of course getting the mark to sign so that the bonuses could be paid was more important than making sure repayment was likely.

I can see you didn't watch the video.

 

[dilloduck]

The banks would be fine right now, had the borrowers known what it was they were signing.

The banks would have been very cranky if that were the case because the elaborate Ponzi scheme that they created would not have worked because the marks wouldn't have been duped.

Of course, signing that mortgage and securing the loan was more important to most people than being informed about whether or not it would ultimately be a good decision in the first place.

Of course getting the mark to sign so that the bonuses could be paid was more important than making sure repayment was likely.

Why were banks given such easy access to money and why was that money INTENDED for high risk lending ?