Politics
Politics
Out of context: Reply #10207
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- ukit0
Let me get this straight...we've just watched home values collapse and our economy tank thanks to bullshit risky investing. Real unemployment is over 20% as a result of the crisis, and there are few signs it will get better anytime soon. Meanwhile, Goldman Sachs just paid 16 billion in bonuses to their execs. Everyone from Alan Greenspan to the Wall Street CEOs themselves have placed the blame squarely on the deregulatory reforms that were pushed through Congress in the late 90s - by Senators with close ties to the banks, funnily enough.
And your primary concern at this point is that Wall Street doesn't get regulated too much? Really??
- thats correct. the banks and such acted exactly as they should have with the current regualtion in order to get the best profits********
- most profits. people will continue to do jsut that as long as such regulations are in place********
- liek i said soem regulations are fine but none are as great as natural supply and demand which surpasses humans foresight********
- dont blame wallstreet blame the regulations in place by the gov. especially the fed and tax incentives with the housing crisis
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- and fuck greenspan he said it hiself that he didnt value human nature properly with interest rates and such********
- actually i appreciate greenspan for that. he actually acknowledged his mistake.********
- So regulations made them give out $16B in bonuses before paying back tarp?DrBombay
- yup. by the rules they found holes and made it work. there will always holes like that made by someone on purpose********
- thats correct. the banks and such acted exactly as they should have with the current regualtion in order to get the best profits