[quote=ILoveRegulation][quote=ucodegen]1) I think the OP is trolling in this case. The account name was created just to post this.[/quote]
The article was posted yesterday and my account was created before that. Further, Bill Black is probably the foremost authority on effective banking regulation. So your theory about this being a troll is way off.
American needs effective, sensible regulation to have any hope of crawling out of this deep hole the anti-regulators have put us in.[/quote]
It’s a hack piece. Any piece starting with ‘The new mantra of the Republican Party is the old mantra — regulation is a “job killer.” ‘ is a hack job.
The first posters are right. It’s overly simple. It blames the republican party for overriding regulation while ignoring that without the bubble employment over that same period probably would have been negative.
Finally, it ignores personal responsibility. The products are too complex. Sorry, don’t buy it. In the words of someone I know that lost their house, ‘I should have known I couldn’t really have that home for $1200 a month.’
In other words, they really knew, they just wanted to roll the dice and see if they hit it and got ‘the dream’ for free.
