[quote=Allan from Fallbrook]Gandalf: Whoa! Easy there, dude. You’re right, but you’re also not telling the entire story, either.
What about Clinton’s repeal of the Glass-Steagall Act? More importantly, what about the powers behind the throne agitating for that? Namely, Robert Rubin and Alan Greenspan.[/quote]
For the record, I couldn’t stand Clinton. (Neither one of them.)
Clinton repealed GS with republican support over dem minority objections. The GOP *led* the effort to deregulate financial services with support from the Clinton and his enablers. I can’t stand Rubin. I don’t like Geithner, or Summers. I consider Greenspan to be one of the prime culprits.
I’ve been clear, I consider personnel choices of Geithner and Summers to be a stumble by Obama out of the gate. The efforts so far have been too ‘establishment’, propping up the Bezzle instead of flushing the fraud down the toilet. The markets will not return until confidence and trust are restored and there are indictments, transparent books and sensible regulation.
Now, in all fairness to Obama, we are less than 60 days into the new administration, after 8 YEARS of historically-awful BUSH on top of 8 YEARS of the triangulating slickster BILL.
Blaming this entire mess on Obama at this point is contrived, framed, false, fake, manufactured GOP talking point outrage.
Not saying anybody is beyond criticism, but if you’re one of these losers who throws out shit like “Obama makes the stock market fall” — well, you’re just a DOUCHEBAG. Maybe the market SHOULD FALL. How about that? Maybe Citigroup stock is only worth $1 because they operate a FRAUD?! Maybe that’s fair market pricing?! Don’t even get me started about AIG…
Look, we’ve got a lot of issues to work through. It’s a disaster. We ought to be finding common ground at this point, trying to move forward. The finger-pointing and GOP talking points, those are just trademarks of “THE LOSER”.
