Home › Forums › Financial Markets/Economics › Clinton, Republicans agree to deregulation of US financial system
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ltokuda.
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September 19, 2008 at 8:28 PM #273274September 19, 2008 at 9:34 PM #272975
greekfire
Participant[quote=cooprider]
The fact is everyone was making money hand over fist so long as RE prices rose. No one stopped to think about the ramifications if prices even stopped going up, much less declined. And if they did, they were probably bought out.
[/quote]I and many others like me don’t have half the information and contacts that the monetary/political scientist jerks have and we could all see this coming. Of course they saw it coming! And of course they knew the end result. Why would they slow up their efforts? They knew that they were unsustainable and would eventually come to a crashing halt. I’ll tell you why: BAILOUT!
Like the touchdown is to football, the name of the monetary/political game is BAILOUT!
The sooner we all realize this the sooner we’ll turn off CNN, Fox, Rush Limbaugh, Sean Hannity, Air America and all the other mainstream news outlets that are in cahoots; and throw the politicians out of office.
September 19, 2008 at 9:34 PM #273222Participant[quote=cooprider]
The fact is everyone was making money hand over fist so long as RE prices rose. No one stopped to think about the ramifications if prices even stopped going up, much less declined. And if they did, they were probably bought out.
[/quote]I and many others like me don’t have half the information and contacts that the monetary/political scientist jerks have and we could all see this coming. Of course they saw it coming! And of course they knew the end result. Why would they slow up their efforts? They knew that they were unsustainable and would eventually come to a crashing halt. I’ll tell you why: BAILOUT!
Like the touchdown is to football, the name of the monetary/political game is BAILOUT!
The sooner we all realize this the sooner we’ll turn off CNN, Fox, Rush Limbaugh, Sean Hannity, Air America and all the other mainstream news outlets that are in cahoots; and throw the politicians out of office.
September 19, 2008 at 9:34 PM #273225Participant[quote=cooprider]
The fact is everyone was making money hand over fist so long as RE prices rose. No one stopped to think about the ramifications if prices even stopped going up, much less declined. And if they did, they were probably bought out.
[/quote]I and many others like me don’t have half the information and contacts that the monetary/political scientist jerks have and we could all see this coming. Of course they saw it coming! And of course they knew the end result. Why would they slow up their efforts? They knew that they were unsustainable and would eventually come to a crashing halt. I’ll tell you why: BAILOUT!
Like the touchdown is to football, the name of the monetary/political game is BAILOUT!
The sooner we all realize this the sooner we’ll turn off CNN, Fox, Rush Limbaugh, Sean Hannity, Air America and all the other mainstream news outlets that are in cahoots; and throw the politicians out of office.
September 19, 2008 at 9:34 PM #273268Participant[quote=cooprider]
The fact is everyone was making money hand over fist so long as RE prices rose. No one stopped to think about the ramifications if prices even stopped going up, much less declined. And if they did, they were probably bought out.
[/quote]I and many others like me don’t have half the information and contacts that the monetary/political scientist jerks have and we could all see this coming. Of course they saw it coming! And of course they knew the end result. Why would they slow up their efforts? They knew that they were unsustainable and would eventually come to a crashing halt. I’ll tell you why: BAILOUT!
Like the touchdown is to football, the name of the monetary/political game is BAILOUT!
The sooner we all realize this the sooner we’ll turn off CNN, Fox, Rush Limbaugh, Sean Hannity, Air America and all the other mainstream news outlets that are in cahoots; and throw the politicians out of office.
September 19, 2008 at 9:34 PM #273294Participant[quote=cooprider]
The fact is everyone was making money hand over fist so long as RE prices rose. No one stopped to think about the ramifications if prices even stopped going up, much less declined. And if they did, they were probably bought out.
[/quote]I and many others like me don’t have half the information and contacts that the monetary/political scientist jerks have and we could all see this coming. Of course they saw it coming! And of course they knew the end result. Why would they slow up their efforts? They knew that they were unsustainable and would eventually come to a crashing halt. I’ll tell you why: BAILOUT!
Like the touchdown is to football, the name of the monetary/political game is BAILOUT!
The sooner we all realize this the sooner we’ll turn off CNN, Fox, Rush Limbaugh, Sean Hannity, Air America and all the other mainstream news outlets that are in cahoots; and throw the politicians out of office.
September 19, 2008 at 9:36 PM #272980jonnycsd
ParticipantThe OP insinuates that repealing Glass Stegal and allowing banks, insurance co’s and securities dealers to be owned by the same parent company caused the housing bubble / mortgage mess.
Can anyone explain how these two things are even remotely related?
Thanks!
September 19, 2008 at 9:36 PM #273227ParticipantThe OP insinuates that repealing Glass Stegal and allowing banks, insurance co’s and securities dealers to be owned by the same parent company caused the housing bubble / mortgage mess.
Can anyone explain how these two things are even remotely related?
Thanks!
September 19, 2008 at 9:36 PM #273231ParticipantThe OP insinuates that repealing Glass Stegal and allowing banks, insurance co’s and securities dealers to be owned by the same parent company caused the housing bubble / mortgage mess.
Can anyone explain how these two things are even remotely related?
Thanks!
September 19, 2008 at 9:36 PM #273273ParticipantThe OP insinuates that repealing Glass Stegal and allowing banks, insurance co’s and securities dealers to be owned by the same parent company caused the housing bubble / mortgage mess.
Can anyone explain how these two things are even remotely related?
Thanks!
September 19, 2008 at 9:36 PM #273299ParticipantThe OP insinuates that repealing Glass Stegal and allowing banks, insurance co’s and securities dealers to be owned by the same parent company caused the housing bubble / mortgage mess.
Can anyone explain how these two things are even remotely related?
Thanks!
September 19, 2008 at 10:03 PM #272990al_coda
ParticipantThe final vote for this bill was 90-8 in the Senate for and about 350 voted yea in the house.
You can look it up on the Senate Banking Committee website.
It received overwhelming bipartisan support and was worked on by Larry Summers of the Clinton Treasury and Clinton himself appealed to Democrats to support the compromise bill.
Bush had nothing to do with this bill. He wasn’t even elected when it passed.
September 19, 2008 at 10:03 PM #273237ParticipantThe final vote for this bill was 90-8 in the Senate for and about 350 voted yea in the house.
You can look it up on the Senate Banking Committee website.
It received overwhelming bipartisan support and was worked on by Larry Summers of the Clinton Treasury and Clinton himself appealed to Democrats to support the compromise bill.
Bush had nothing to do with this bill. He wasn’t even elected when it passed.
September 19, 2008 at 10:03 PM #273241ParticipantThe final vote for this bill was 90-8 in the Senate for and about 350 voted yea in the house.
You can look it up on the Senate Banking Committee website.
It received overwhelming bipartisan support and was worked on by Larry Summers of the Clinton Treasury and Clinton himself appealed to Democrats to support the compromise bill.
Bush had nothing to do with this bill. He wasn’t even elected when it passed.
September 19, 2008 at 10:03 PM #273283ParticipantThe final vote for this bill was 90-8 in the Senate for and about 350 voted yea in the house.
You can look it up on the Senate Banking Committee website.
It received overwhelming bipartisan support and was worked on by Larry Summers of the Clinton Treasury and Clinton himself appealed to Democrats to support the compromise bill.
Bush had nothing to do with this bill. He wasn’t even elected when it passed.
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