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I dont think anyone has suggested that they not "deal with it".. See unlike the bottom, when the "top 5%" have to "deal with it", the rest of america asks why they should care.. This thread is a prime example as to why they should care, because if they arent spending, you arent working....
lol Bush Sr. debunked Regan Vodoo Economics years ago. If your a Republican who's concerned about losing his precious temporary tax breaks you might want to read up on George Sr and his opinion of trickle down economics.
The last Republican President with 1/2 a brain in my lifetime.
Quote: Thats just bull.. very few of the problems we are facing right now are due to deregulation. They are more due to government enticing enterprises to take on risks they couldnt afford to take on, by guaranteeing the outcome..
You seriously believe this?
Like the Banks needed any enticing to gamble with peoples morgages and savings? The investment firms needed enticing to gamble with peoples life and retirement savings?
lol You Sir live in a dream world where Corperations are honest and don't need any oversight or regulations to keep the average American from losing his shirt.
lol Bush Sr. debunked Regan Vodoo Economics years ago. If your a Republican who's concerned about losing his precious temporary tax breaks you might want to read up on George Sr and his opinion of trickle down economics.
The last Republican President with 1/2 a brain in my lifetime.
And yet one of the first things Clinton did, was repeal the 10% luxury tax to help spur the economy..
The Gulf Coast has thier Chernobyl lol. Its called BP.
If it wasn't for Oboma securing some semblance of guarenteed funding to help those poor bastards out they'd be totaly F'ked and retarded to rely on BP and thier "We'll make it right" promises.
Your lucky there was a Dem in the Whitehouse to workout some immediate $$ help for those folks. If it was a BP apologizeing Texan politicians those Gulf Coast Southerners would be royaly screwed and on thier own versus a major International Corperation. Guess who'd win that fight? lol
Quote: Thats just bull.. very few of the problems we are facing right now are due to deregulation. They are more due to government enticing enterprises to take on risks they couldnt afford to take on, by guaranteeing the outcome..
You seriously believe this?
Like the Banks needed any enticing to gamble with peoples morgages and savings? The investment firms needed enticing to gamble with peoples life and retirement savings?
lol You Sir live in a dream world where Corperations are honest and don't need any oversight or regulations to keep the average American from losing his shirt.
Tell me the purpose of Fannie/Freddie, if not to guarantee mortgages? Tell me why credit rating agencies gave these mortgages a AAA rating status, even though they were junk? Tell me why banks would loan out money to people to buy homes who clearly couldnt afford them? Do you have a single answer to any of these?
Tell me why credit rating agencies gave these mortgages a AAA rating status.
Ah .. you must be refering to those morgage underwriters who made thier money after selling these bogus rated morgage securities to the Banks and Investment firms?
You mean those honest folks?
I believe Bank of America bought the largest of these bankrupt firms .. ask BoA lol.
Tell me why credit rating agencies gave these mortgages a AAA rating status.
Ah .. you must be refering to those morgage underwriters who made thier money after selling these bogus rated morgage securities to the Banks and Investment firms?
You mean those honest folks?
I believe Bank of America bought the largest of these bankrupt firms .. ask BoA lol.
wrong.. those providing the credit rating status of AAA were not the same ones profiting from the mortgage securities being sold..
Was this you admitting you dont have an answer? You seemed to have avoided the other questions and went right onto this one, and you got this one wrong as well...
Yea and Goldman Sach's knowing full well these AAA secrured moragages would must likely fail and hedgeing thier bets accordingly was an honest buisness practice.
Anyone who claims these Free Enterprise firms DON'T need regulation is insane or just a pompus fool.
You cannot honestly defend any of these industries with straight face to any American and not get your teeth knocked out.
Yea and Goldman Sach's knowing full well these AAA secrured moragages would must likely fail and hedgeing thier bets accordingly was an honest buisness practice.
The AAA credit ratings were valid, do you know why?
Quote:
Originally Posted by East Coast Dem_PA
Anyone who claims these Free Enterprise firms DON'T need regulation is insane or just a pompus fool.
No one said they dont need regulated, I'm disputing your claim that they were deregulated and those deregulations were what is to blame for our economic mess.. You have yet to answer my questions..
Quote:
Originally Posted by East Coast Dem_PA
You cannot honestly defend any of these industries with straight face to any American and not get your teeth knocked out.
Sure I can.. soon as you tell me WHY those securities had AAA credit ratings, and those ratings were valid..
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