What will happen if we do what Repubs want and Deregulate Business'

[Eric Cartman]

Where precisely are we going to GET money for this funding when we are already writing checks for 1.4 TRILLION dollars we already don't have this year alone?

Think that shit through, moron.

1 The types of funding we have been discussing is already in the budget.

2 We wouldn't have a 1.4 trillion dollar deficit if the deregulated financial markets hadn't taken us to the brink.

 

[Eric Cartman]

I've no problems with ending the party system and banning political organizations forcing candidates to raise money from private citizens only.

Now that is something we could agree on!

 

[Big Fitz]

Where precisely are we going to GET money for this funding when we are already writing checks for 1.4 TRILLION dollars we already don't have this year alone?

Think that shit through, moron.

1 The types of funding we have been discussing is already in the budget.

2 We wouldn't have a 1.4 trillion dollar deficit if the deregulated financial markets hadn't taken us to the brink.

1. And shouldn't be in it at all now, should it? It accounts for a lot of waste already.

2. And government is totally innocent in that aren't they?

 

[Big Fitz]

Full deregulation would be horrendous.

Of course, and that's why no sane person recommends it. They understand that there must be some form of regulation to protect consumers, workers and businesses from each other and set a standard of living for the nation.

Right now though, we have a struggle over what type of standard of living should be had in this nation. All too many want a euro-socialist nanny state where they have all their 'needs' taken care of from cradle to grave and have no consequences for their whole life as well as be held responsible for nothing as well, unless it's good. It's an unsustainable immature life that causes sudden destruction on all those involved, but yet, a great deal for those who get off early in this cultural ponzi scheme.

But by all means. Gussy this pig up and try to sell it off as the beauty queen it most certainly isn't.

 

[Eric Cartman]

2. And government is totally innocent in that aren't they?

Not at all... and the Democrats are just as guilty (maybe more) as the Republicans.

 

[Big Fitz]

2. And government is totally innocent in that aren't they?

Not at all... and the Democrats are just as guilty (maybe more) as the Republicans.

And so you agree there should be major consequences for the politicians who wrote the rules to cause such a mess, right?

 

[Oddball]

2 We wouldn't have a 1.4 trillion dollar deficit if the deregulated financial markets hadn't taken us to the brink.

Talk about your red herrings!

First of all, banking is one of the most heavily regulated sectors of all...Claiming that they were deregulated/under-regulated is plain old hogwash.

Secondly, not every bank "needed" to be bailed out, yet many of the solvent ones were forced to take it anyways....And those that "needed" it should've been allowed to fail.

Of course, let's not also forget that entitlement spending began its coming exponential growth back in '03.

 

[Mr. Shaman]

Deregulating businesses means you have to trust them to do the right thing. It's like leaving your house and car unlocked, out of trust.

Actually you don't have to trust them, you just have to allow consumers to chose who to do business with.

....And, what great "conservative" recourse is available, when things get totally-fucked-UP??!!!


​

"Banks so poorly handled documentation on millions of mortgages that many today cannot prove that they own the homes they want to foreclose on. The resulting rash of lawsuits from people seeking to save their homes has one of the government's top banking regulators worried that the torrent of litigation will delay the real estate market's recovery.

The problem of bad mortgage documentation emanates from the huge volume of mortgages and banks' failure to keep track of them as they were packaged and sold numerous times while the housing bubble grew. Oftentimes, banks skipped required paperwork, instead relying on paperless computer management.

Bair says banks were sloppy. "It was a matter of cutting corners, not spending enough money and not having quality controls."

Once the bubble burst and it became necessary to foreclose on mortgages, banks lacked the paperwork they had ignored, making it hard to prove who owned a particular mortgage. Some banks hired document mills to recreate the missing paperwork.

But "60 Minutes" found a homeowner who discovered that the recreated paperwork for her home was bogus."

60 Minutes - 4/3/11​

Let's HEAR IT, for....

ALLOWING THE MARKETPLACE
TO REGULATE ITSELF!!​

 

[Mr. Shaman]

Gee.....no hard-core-Capitalists came-forward to DEFEND this whole RIP??!!!

"Docx, and companies like it, were recreating missing mortgage assignments for the banks and providing the legally required signatures of bank vice presidents and notaries. Linda Green says she was named a bank vice president by Docx because her name was short and easy to spell. As demand exploded, Docx needed more Linda Greens.

"So you're Linda Green?" Pelley asked Chris Pendley.

"Yeah, can't you tell?" Pendley, who is a man, replied.

Pendley worked at Docx at the same time and signed as Linda Green.

"When you came in to Docx on your first day, what did they tell you your job was gonna be?" Pelley asked.

"They told me that I was gonna be signing documents for using someone else's name," Pendley remembered.

"Did you think there was something strange about that in the beginning?" Pelley asked.

"Yeah, it seemed a little strange. But they told us and they repeatedly told us that everything was above board and it was legal," Pendley said.

Pendley told Pelley he had no previous experience in banking, in legal documents, and that there were no requirements for the job.

"You had to be able to hold a pen?" Pelley remarked.

"Hold a pen," he agreed.

Asked if he understood what these documents were, Pendley said, "Not really."

"But you were signing these documents as if you were an officer of the bank?" Pelley pointed out.

"Correct," Pendley said.

"How many banks were you vice president of in a given day?" Pelley asked.

"I would guess somewhere around five to six," Pendley said.

He was paid $10 an hour for this job."

 

[Oddball]

I think it's more representative of how few posters pay attention to any of your brain droppings anymore, Crayon Boy.

 

[Mr. Shaman]

<tick><tick><tick><tick><tick><tick><tick><tick>....

 

[Oddball]

Yes....Go gently into that good night.

 

[kaz]

Deregulating businesses means you have to trust them to do the right thing. It's like leaving your house and car unlocked, out of trust.

Actually you don't have to trust them, you just have to allow consumers to chose who to do business with.

....And, what great "conservative" recourse is available, when things get totally-fucked-UP??!!!


​

"Banks so poorly handled documentation on millions of mortgages that many today cannot prove that they own the homes they want to foreclose on. The resulting rash of lawsuits from people seeking to save their homes has one of the government's top banking regulators worried that the torrent of litigation will delay the real estate market's recovery.

The problem of bad mortgage documentation emanates from the huge volume of mortgages and banks' failure to keep track of them as they were packaged and sold numerous times while the housing bubble grew. Oftentimes, banks skipped required paperwork, instead relying on paperless computer management.

Bair says banks were sloppy. "It was a matter of cutting corners, not spending enough money and not having quality controls."

Once the bubble burst and it became necessary to foreclose on mortgages, banks lacked the paperwork they had ignored, making it hard to prove who owned a particular mortgage. Some banks hired document mills to recreate the missing paperwork.

But "60 Minutes" found a homeowner who discovered that the recreated paperwork for her home was bogus."

60 Minutes - 4/3/11​

Let's HEAR IT, for....

ALLOWING THE MARKETPLACE
TO REGULATE ITSELF!!​

Right, heavily regulated banks under government micromanagement caused the mess. Clearly the problem couldn't have been government

 

[Foxfyre]

Actually you don't have to trust them, you just have to allow consumers to chose who to do business with.

....And, what great "conservative" recourse is available, when things get totally-fucked-UP??!!!


​

"Banks so poorly handled documentation on millions of mortgages that many today cannot prove that they own the homes they want to foreclose on. The resulting rash of lawsuits from people seeking to save their homes has one of the government's top banking regulators worried that the torrent of litigation will delay the real estate market's recovery.

The problem of bad mortgage documentation emanates from the huge volume of mortgages and banks' failure to keep track of them as they were packaged and sold numerous times while the housing bubble grew. Oftentimes, banks skipped required paperwork, instead relying on paperless computer management.

Bair says banks were sloppy. "It was a matter of cutting corners, not spending enough money and not having quality controls."

Once the bubble burst and it became necessary to foreclose on mortgages, banks lacked the paperwork they had ignored, making it hard to prove who owned a particular mortgage. Some banks hired document mills to recreate the missing paperwork.

But "60 Minutes" found a homeowner who discovered that the recreated paperwork for her home was bogus."

60 Minutes - 4/3/11​

Let's HEAR IT, for....

ALLOWING THE MARKETPLACE
TO REGULATE ITSELF!!​

Right, heavily regulated banks under government micromanagement caused the mess. Clearly the problem couldn't have been government

I've decided the one single thing that separates the left from the right, is that those on the right value their unalienable rights including their property, options, choices, opportunities, and other liberties.

The left is like the Biblical people of old. They want a king who will direct their lives and take care of all their problems in the way they want, but without allowing or requiring any responsibility from the people. They see the government as owner and salvation of all.

The American experiment intended a federal government that would secure the rights of the people--meaning nobody would be able to ethically, morally, or intrinsically violate the rights of another--and that would allow for certain laws and regulations to accomplish.

Then the federal government would get out of the way and let the free market work and the people would design and implement whatever sort of society they wished to have.

Such a concept seems to be anathema to the left. And I think that is why there is such a disconnect on these message boards.

 

[Soggy in NOLA]

Besides worker abuse and tearing up the environment around these business'? Something has to be good and pretty dam honorable to be left alone and trusted to do the right thing, but business is not about doing the right thing, its about doing the profitable thing.

Not saying all regulations are a good thing, but hell, are we supposed to drop regulations and hope / pray that corporations will treat our land and workers the way society wants them too.

Now Thats a faith based ideology if there ever was one.

Oh no doubt, universes will collide.

 

[Truthmatters]

and we would be right back in the industrial revolution which would mean a horrible lifestyle for the vast majority of Americans

 

[Big Fitz]

and we would be right back in the industrial revolution which would mean a horrible lifestyle for the vast majority of Americans

How about a little fire scarecrow?

Nobody's advocating TOTAL deregulation back to the Gilded Age, save for those trying to say that capitalism is 100% bad.

Grow up and see the wizard. He has your brain.

 

[shintao]

What will happen if we do what Repubs want and Deregulate Business'

That depends on what you accompany the deregulation with. I would recommend a complete severance of business from government and the IRS. Let them regulate themselves. Let them use their own money themselves. Remove caps from consumer lawsuits.

 

[mike beev]

If you want to know what will happen, go back to your history books and real about the Gilded Age in general or try "The Jungle" by Upton Sinclair. Then go to the Time magazine article about 5 years ago in which it compared the modern meat packing industry to the one in "The Jungle". Thye were extremely similar.

 

[rdean]

It's already happened. It was when they took over the Mortgage market from Freddie/Fannie.