marharth Posted May 4, 2011 Share Posted May 4, 2011 http://en.wikipedia.org/wiki/Community_Reinvestment_Act http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/ http://www.youtube.com/watch?v=i8grxXf2WLQSo what I am trying to figure out here... What do you think should happen with huge corporations that will cause massive economic problems if they collapse? What do you think should be done about the corporations that own the politicians? Link to comment Share on other sites More sharing options...
csgators Posted May 4, 2011 Author Share Posted May 4, 2011 So what I am trying to figure out here... What do you think should happen with huge corporations that will cause massive economic problems if they collapse? What do you think should be done about the corporations that own the politicians? Let them fail, stop letting them write the laws and regulations. We need to get back to sound currency and market practices. Mostly we need to use a strict interpretation of the constitution. If some companies fail so be it, that is the nature of true capitalism and free markets. Businesses will only buy politicians if they have something to gain. If the government does not have the power to interject itself into every nook and cranny of every home and business they have much less intensive to bribe them. Link to comment Share on other sites More sharing options...
marharth Posted May 4, 2011 Share Posted May 4, 2011 So what I am trying to figure out here... What do you think should happen with huge corporations that will cause massive economic problems if they collapse? What do you think should be done about the corporations that own the politicians? Let them fail, stop letting them write the laws and regulations. We need to get back to sound currency and market practices. Mostly we need to use a strict interpretation of the constitution. If some companies fail so be it, that is the nature of true capitalism and free markets. Businesses will only buy politicians if they have something to gain. If the government does not have the power to interject itself into every nook and cranny of every home and business they have much less intensive to bribe them.Lobbyists can convince politicians to start wars, what are you going to do, take away there power to start wars? As I said before, some businesses will fail and many people will suffer due to it, it may not be able to be recovered. Link to comment Share on other sites More sharing options...
Harbringe Posted May 4, 2011 Share Posted May 4, 2011 IIt was the regulation that screwed up the economy, not the lack of. The bad debt in the housing loans was a directive from DC, the banks were forced to make loans to people they previously denied. Our economy and industry are among the most regulated in the world, you can't drink yourself sober. Think your misreading what happened.In the Cowboy Capitalism vid Kudlow starts off attributing the problem to the sub prime loans the Gov forced Banks to make to poor people , yet later in vid says they were just bit players in the whole thing , he literally countered everything he had previously said with that statement ,the one thing they all seemed to be in agreement was that the Fed was supposed to be overseeing the existing sub prime regulations but were not.Which makes sense as the people running the Fed are by and large from the very same Corporations on Wall Street that were involved in this fiasco.So laying this at the feet of regulation is misleading , its really a case of building a flawed system and Wall Street speculating on the whole thing knowing no one from the Fed was ever gonna come knocking on there door.Kudlow is just propaganda designed to distract you. Link to comment Share on other sites More sharing options...
csgators Posted May 4, 2011 Author Share Posted May 4, 2011 It was the collapse of Fannie Mae that started the entire thing. I'd say much more than a bit player. I agree about Kudlow I was just trying to point out that the serious of problems that lead to TARP started in the governments own housing bank. I'm not saying the banks are squeaky clean but they never would have done what they did if they didn't have to dump all the bad debt the government was forcing on them. The easy loans started a trend of people buying multiple homes, these were not just loans to poor people. So as soon as the economy started to drop a little, people couldn't pay their loams and the whole house of cards starts to come down. Link to comment Share on other sites More sharing options...
Harbringe Posted May 13, 2011 Share Posted May 13, 2011 http://www.youtube.com/watch?v=ixI-JlbkuhU&feature=relmfu Link to comment Share on other sites More sharing options...
csgators Posted May 13, 2011 Author Share Posted May 13, 2011 http://www.youtube.com/watch?v=ixI-JlbkuhU&feature=relmfu Decent video but makes a BIG mistake in only blaming one political party, the one the least to blame at that. Link to comment Share on other sites More sharing options...
marharth Posted May 13, 2011 Share Posted May 13, 2011 http://www.youtube.com/watch?v=ixI-JlbkuhU&feature=relmfu Decent video but makes a BIG mistake in only blaming one political party, the one the least to blame at that.Your saying democrats want regulation? What? I am confused now. This entire topic you have said you want to de-regulate, which is what the republicans want. He said "Bankers have good friends in the republican party who call regulation that would actually prevent bailouts, a bailout." Link to comment Share on other sites More sharing options...
csgators Posted May 13, 2011 Author Share Posted May 13, 2011 http://www.youtube.com/watch?v=ixI-JlbkuhU&feature=relmfu Decent video but makes a BIG mistake in only blaming one political party, the one the least to blame at that.Your saying democrats want regulation? What? I am confused now. This entire topic you have said you want to de-regulate, which is what the republicans want. He said "Bankers have good friends in the republican party who call regulation that would actually prevent bailouts, a bailout." I am saying the regulation we are going to get from the democrats will be written by the bankers, just like it always is. You think that will help? Link to comment Share on other sites More sharing options...
marharth Posted May 13, 2011 Share Posted May 13, 2011 http://www.youtube.com/watch?v=ixI-JlbkuhU&feature=relmfu Decent video but makes a BIG mistake in only blaming one political party, the one the least to blame at that.Your saying democrats want regulation? What? I am confused now. This entire topic you have said you want to de-regulate, which is what the republicans want. He said "Bankers have good friends in the republican party who call regulation that would actually prevent bailouts, a bailout." I am saying the regulation we are going to get from the democrats will be written by the bankers, just like it always is. You think that will help?Republicans have historically helped the upper class, why would you think the opposing party would want to help the bankers? Link to comment Share on other sites More sharing options...
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