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- Jun 13, 2009
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I think the government deserves some of the blame for not doing their job. But the thing was, at the end of the day, the banks were the ones who lobbied for laxer enforcement and regulation, they were the ones who decided to take all that bad paper, bundle it and sell it to other people.
If the banks had acted in an ethical, practical way, then there wouldn't have been a need for the government to act.
Same thing about jobs. I think the government has done a terrible job signing every free trade treaty with every country in the world while those countries have done nothing to really take our products. But at the end of the day, companies decided that, hey, hollowing out the middle class so we can pay ourselves bigger bonuses is a nifty idea.
The ironic thing is we capitalized rewards and socialized risk. The banks were able to take unnecessary risks because they knew there was no downside. They'd get bailed out and no one would get prosecuted.
If they were within the law in conducting business the way they were conducting business, then the lawmakers were the ones at fault.
WC Fileds said that you can't cheat an honest man. It is only when we try to get something for nothing that we expose ourselves to the kind of problems that we are currently in. Lawmakers who have no clue and no integrity combined with the citzenry that has the same shortcomings are what caused our current mess.
The bankers are as at fault as is a hand gun in a suicide.
Are you forking nuts?
NOBODY forced the banksters to loan money.
In fact it was the banksters lobbying for lax regulations which made it possible for them to create dubious debt instruments which they foisted onto the unsuspecting bond buyers.
Seriously go read a fucking book.
Why dont you go read a book asshole....................
If you bothered to take your head out of your ass for a breath of air you would have seen who is or was pushing bamks.
Your stupidity on the subject is just amazing.
So dumbass now that I have your blood boiling , try going to utube and use two tags.
Can you handle that moron....
The tags are Cuomo , banks.
Do we have to hold your patheic hand moron?