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Laughable that people think this has anything to do with political parties.
correct, look at Rubin and Prince today on their capital hill dog and pony show, supposedly some of the brightest and smartest and their testimony today made them look like fools,
I think both deserve an Oscar
Ask yourself..why did Gramm sponsor that ? Who was behind Gramm ?
"They" were the ones that got it passed.."they" wanted it all along and had been pushing it for years. It wasn't until "they" got Gramm to do their dirty work.
BTW..Gramm went to UBS right after he left government.
He got bought out by the banks and did their dirty work. In return he got a cushy job with them.
Gramm is also responsible for making sure derivatives weren't regulated.
That would be a double whopper for him..wouldn't it ?
We're in total agreement that the banks were behind Gramm. But he was their indispensable instrument and he acted FOR them and AGAINST the national interest. He's another one who should be in the crossbar hotel, in my book. He took an oath to support and defend the constitution, not maximize profits.
Those ridiculous Republicans and Democrats are the ones who regulate the banks, is the problem. And what we're struggling through now is the result of not enough regulation.
As a matter of fact, the GOP is currently bristling at any talk of reinstating regulations over these same banks that have dragged us into recession.
This is why I'm no longer a Republican.
Obama is talking good sense in saying stiffer regulations need to be put back in place. I support him 100% on this.
I know some of this sounds like a conspiracy but look at what the United States own central bank the Federal Reserves mandate is. Something about stable prices and full employment which they have completly failed at. They are privatly owned and unelected who control whether or not you can find a job and how much things cost, both of which they have obviously failed at. This is more power than even the president of the United States has. It dosen't have to be this way yet many nations across the world are enslaved under the very same debt backed monetary system.
But don't lose sight of which party was making policy and governing the regulatory agencies. There lies the responsibility.
whose in charge now? where is the fixing of the problem?
the situation is getting worse, not better.
the foxes are still in the henhouse. i think it is amazing that mainstream media is not even covering this and that an in-depth analysis of the problem has to be done by rolling stone magazine. kudos to matt taibbi for all of his excellent journalism.
babies and bathwater is a good article on his site which discusses the looting:
That’s how this subject matter ends up getting buried before the general public can digest it — it gets split up into a right-vs.-left argument and fed into the Crossfire thresher, rendering it meaningless. I know I’ve been harping on this for a while, but it’s just amazing to me that this propaganda technique works even with something as objectively indefensible as the mass thievery that went on in Jefferson County.
he makes a very good point that we get so bogged down in taking sides -left/right, democrat/republican that we forget that BOTH sides have been corrupted and both sides are GETTING AWAY with this behavior.
Ask yourself..why did Gramm sponsor that ? Who was behind Gramm ?
"They" were the ones that got it passed.."they" wanted it all along and had been pushing it for years. It wasn't until "they" got Gramm to do their dirty work.
BTW..Gramm went to UBS right after he left government.
He got bought out by the banks and did their dirty work. In return he got a cushy job with them.
Gramm is also responsible for making sure derivatives weren't regulated.
That would be a double whopper for him..wouldn't it ?
it isn't just confined to the US either. look at tony blair (head of the labour party and prime minister) who took a job at JP morgan after he left government. there was a recent article on him in the telegraph newspaper and his "new" enormous wealth: http://www.telegraph.co.uk/news/ukne...Blair-Inc.html
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