Something I forgot to address:
Title IX adds 6 new departments to the SEC.
One agency doubled in size, zero reduced.
I keep forgetting you might have been in diapers during Bush's early days.
Bush increased the size of government considerably. He added thousands of new regulations and created a massive new Cabinet-level department.
However, he did considerably decrease the size of just two major federal agencies; the EPA and the SEC.
He took the cops off the beat on Wall Street. Not only that, the SEC approved a request from the five biggest behemoths (none of them subject to the CRA, and none of them was Fannie or Freddie) from the Basel reserve capital requirements in 2005.
At this point, the GSEs began shrinking the number of subprime mortages in their portfolios. Wall Street on the other hand, ramped them up and soon overtook the GSEs in market share.
This was
after Wall Street was alerted by AIG that 90 percent of the assets in their CDOs were toxic.
After getting their waiver, these behemoths went on to steal you blind.
That's right. You. Well, maybe not you. I don't know if you have a pot to piss in. But anyone who has any kind of investment account or retirement fund.
Because there were no cops on the beat, see. Bush got rid of them.
Even now, after their illegal activities have been discovered, not one of the crooks who put together these fraudulent securities has gone to jail. And we even know their names and the exact nature of their crimes!
They paid fines which don't even approach the amount of money the investors (you) lost.
So now your money manager is left to fend for himself and is trying to sue these bastards to get some of your money back.
But he's on his own. No one is going to jail for their crimes. The SEC is complicit in these "no admission of wrongdoing" capers.
So, if you don't mind being the goose that lays the golden eggs who is satisfied with the chicken feed they give you, and wish to allow them to keep stealing from your future, fine.
And if someone is alerting you to the thief in your house, and you go after the person alerting you and call them names instead of demanding the cops stop the thief, whatever.
If you had really been paying attention to the theme of my posts on this forum, you would find that when people who start proclaiming the solution to our problems is to tax the rich, I am quite vociferous in saying that won't fix the problem of thieves.
If a thief comes in your house every ******* day and steals from you, raising taxes on your neighbors isn't going to solve the problem. Nor is blaming the negroes. These thieves are in five thousand dollar suits.
So take off the blinders, and stop making assumptions about me.
I'm a law and order kind of guy, fool. I want the bad guys sent to federal pound-me-in-the-ass prison for life.
I don't know what it is with people. They think when I say these things I am blaming someone. I'm not. I blame EVERYONE.
Everyone in the entire CDO pipeline is to blame. Congress, mortgage brokers, the President, money managers, city treasurers, pension fund managers, ratings agencies, borrowers, Wall Street, and god knows who else. Negroes are way, way, way, way, way down on the list. This is a GLOBAL problem. And it is still going on. And this time there is no Fannie and Freddie involved. There are no negroes involved. But your money is still involved. So wake the **** up.
Some rules which were thrown out need to be restored, and some deregulation needs to be repealed, but most of all, existing rules need to be ******* enforced.
I frankly don't give a shit if the deluded stand on their negro scapegoat and proclaim their lunacy to the world. **** 'em if they are too stupid to notice whose hand is stealing from them. I'm out of that shit. I do my own trading and make a shitload more money that way.
Enjoy your chicken feed.
