Quote:
Originally Posted by Robbie
Congrats on using Google. 
And by the way, there is a BIG difference in making prudent regulations and in OVER regulating to the point of killing the economy.
There is a "Sweet Spot" for this somewhere. Hopefully Trump won't overshoot it in the same manner that politicians overshot it in the opposite direction since 2008. |
Gee, google search ?
I watch CSPAN and book marked that page when CSPAN hit the web. I knew it was that important. And that was many years before the bank failure. I have wrote many articles referencing it for the last 15 years.
But it sure is not funny that those regulations that were taken away sure worked well for us since 1933. How could they be over-regulation ? Explain that one ! Not funny that it took only 8 years for the banks to do it again once you allowed it. Why would anyone expect less from them. Roosevelt warned us when his own party thought it was being to hard on the banks and 'he stated' that you could not allow those sneaky bastards one ounce of wiggle room or they would do it again.
Your argument has no merit whatsoever !
Try to educate yourself, then 'you' won't have to rely on google search !
Seams nobody was paying attention from the de-regulation of the 'savings and loans'.
Did you forget that part of history ? try a google search !
Can you name one de-regulation that did not have devastating effects on the public,
who pays for everything in one form or another at some time... that is trickle down economics. remember ?
Folks are so easy to take these off in the name of 'red tape standing in the way of jobs' and do not know the history and the consequences that created them, thinking they are some how irrelevant. So... We must live them again.
I will likely be out-of-the-country when it happens next time. Because I will likely know it is about to happen again while you are like a deer in the headlights mode. And the folks that enable this will not be found either. They will not be able to patch this up the next time. Nobody in the world will trust us or the monetary system we imposed on everyone again.
Look at that congress from 1999 that voted for that and you will find many of them served prison time for corruption, the most in history.
Wonder why I should not draw conclusions from that fact.
Within the next year, we shall see just what effect those tax cuts really will have on the economy. Such a budget crisis, there will not be any highway money to make/fix roads, no money for the EPA, FAA, FCC, FDA and social security unless we borrow heavily But we have punched our #1 lender in the face... what if they won't lend us the money ? PERHAPS JUST NOT ALL WE WANT ? Good for the banks ? The banks now pretty much control all industrial commodities. Morgan Stanly became the largest oil trader in the world a few years after that legislation passed. Yes the price aluminum, copper and oil have been controlled by the banks for many years now. Good for you ?
Do your google search on austerity and enjoy this smoke and mirror play while it lasts....