Deregulate the markets! What could possible go wrong....again?

[shah269 0]

Kill all federal regulatory organization, let the market solve the problem.
Deregulate the markets! What could possible go wrong....again?


First and for most, YOU PIECE OF SHIT GOOD FOR NOTHING GUTLESS SPINLESS JELLOCRATS SIT THE FUCK DOWN AND SHUT THE FUCK UP! YOU WORTHLESS EXUCES OF HUMAN BEINGS HAD BOTH CONGRESS AND THE SENATE AND THE PRESIDENCY AND YOU ASSHOLES DID NOTHING TO FIX SHIT AND WHAT YOU DID FIX YOU COULDN'T ARTICULATE TO SAVE YOUR WORTHLESS ASSES!

Now you GOPers...help me out here....how dumb do you think the average voter is? Wait...I'm sorry I know slightly dumber than a boiled carrot!
OK now I get it....economy is dead due to corporate raiding by your baby bush deregulating any and all markets.....and now you are using the same logic that got us into this mess to get us out of this mess?

Look between you and I GOPers....these Jellocrats have two brain cells and they are arguing about the weather...as in weather to capitulate today or tomorrow. So do me a huge favor stop trying to kill this country and the middle class. It's a nice place to live and I would really hate to move the fuck out.

So please write to whoever the fuck you are going to put up against rudderless Obama and tell them that the last time we "experimented" with deregulations all of us had out 401k's fucked up the ass with a cactus and......well our homes lost value. So....please stop doing this shit! I would reach out to the fucktard jellocrats but they are under their tables kissing their own asses hoping you will not kick them.

That will be all!

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[Gravitymaster 0]

Yep, all Bush's fault.

Had nothing to do with the government getting involved with real estate lending via Freddie and Fannie.

[shah269 0]

Quote

Yep, all Bush's fault.

Had nothing to do with the government getting involved with real estate lending via Freddie and Fannie.

OK I've told you not once not twice but like 10 times.
THAT LAME ASS SPIN DOES NOT WORK WITH ME!

Why? I'm not a jellocrat and two...it won't!

Yeah piss into the wind all you want about Freddie and Fannie....but ask yourself this....were they the leaders of this predatory lending? The 0 down do you have a pulse lending?
Answer...NOPE! Thank WaMu for that one...i hear the former CEO is doing rather well!

And how about the death of the 401k? Let me guess...you are going to spin that one as well?

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[charlie5 0]

Quote

Quote

Yep, all Bush's fault.

Had nothing to do with the government getting involved with real estate lending via Freddie and Fannie.

OK I've told you not once not twice but like 10 times.
THAT LAME ASS SPIN DOES NOT WORK WITH ME!

Why? I'm not a jellocrat and two...it won't!

Yeah piss into the wind all you want about Freddie and Fannie....but ask yourself this....were they the leaders of this predatory lending? The 0 down do you have a pulse lending?
Answer...NOPE! Thank WaMu for that one...i hear the former CEO is doing rather well!

And how about the death of the 401k? Let me guess...you are going to spin that one as well?

It's not spin. But if you're going to flat out reject that premise then debating this will go nowhere as you've obviously already made up your mind.

The feather butts bounce off ya like raindrops hitting a battle-star when they come in too fast...kinda funny to watch. - airtwardo

[SkyDekker 1,465]

Quote

Had nothing to do with the government getting involved with real estate lending via Freddie and Fannie.

It played a role. But, what happened to taking responsibility for your own actions? The banks made their own decisions. Why should they not be held responsible for the decision they made? You are displaying decisively liberal traits.

Just because bad behaviour was encouraged, does not excuse the bad behaviour.

[Gravitymaster 0]

Do you have any idea of what a derivative is? Or know what a REIT is?

[shah269 0]

Yeah piss into the wind all you want about Freddie and Fannie....but ask yourself this....were they the leaders of this predatory lending? The 0 down do you have a pulse lending?
Answer...NOPE! Thank WaMu for that one...i hear the former CEO is doing rather well!

So you going to get pissed at two half federal companies who saw everyone making money and did the same thing?

AAAHHHHH (goofy fucking voice) yeah shah you see just because they were or are a part of the feds it's all their fault...ah yuck! now them good folks on wall street and other major banks who did this are just fine and will save us ....ah yuck!

HOW FUCKING DUMB ARE PEOPLE TO BELIEVE THAT THIS SHIT IS A GOOD IDEA!

Our economy is in the shit hole because of deregulations.....so if we deregulate more we will recover! WTF!

What kind of dumb fuck think's that's a good idea!

Please raise your hand so you can be ejected from the country!

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[shah269 0]

Quote

Why should they not be held responsible for the decision they made?

YEAH! Deregulate them! If you invest in a bank and they loose your money...hey it's market forces! You should have known better than to trust those crooks!
And if the entire market if filled with crooks...well tough tits!

Right?
OH how dumb can people be!

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[Gravitymaster 0]

Quote

Quote

Had nothing to do with the government getting involved with real estate lending via Freddie and Fannie.

It played a role. But, what happened to taking responsibility for your own actions? The banks made their own decisions. Why should they not be held responsible for the decision they made? You are displaying decisively liberal traits.

Just because bad behaviour was encouraged, does not excuse the bad behaviour.

I didn't say that was the only reason or that banks shouldn't be held responsible. Create many strawmen lately? Until we institute some major overhaul in banking rules, we are destined to repeat the current scenario again. Only an idiot would think all our financial problems were caused by GWB.

[Andy9o8 2]

Whoa. Too much screaming and frothing.
Pass.

[shah269 0]

all our financial problems were caused by GWB.
Nope but the dumb fuck did give all the banks a blank check and told them "Don't worry all is well here is a shit load of federal funds make sure you all get paid and fuck the tax payer!"

Which is exactly what happened!
The dumb boy may not have caused the problem but his party pushed for it and his actions fortified it!

I'll help you remember google TARP and see who passed it and how much money really went out and to who....and how little of that money actually entered our economy!

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[Gravitymaster 0]

Quote

all our financial problems were caused by GWB.
Nope but the dumb fuck did give all the banks a blank check and told them "Don't worry all is well here is a shit load of federal funds make sure you all get paid and fuck the tax payer!"

Which is exactly what happened!
The dumb boy may not have caused the problem but his party pushed for it and his actions fortified it!

Can you point to the specific legislation to back up your claim?

[shah269 0]

Google TARP
Don't be lazy!
And don't spin!

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[Andrewwhyte 1]

Quote

Yep, all Bush's fault.

Had nothing to do with the government getting involved with real estate lending via Freddie and Fannie.

I sincerely believe that the seeds of the whole thing lay in the tax break for mortgage interest. It created a disincentive for the middle class to hold equity in their homes. Fannie and Freddie may (did) contribute to debt holding by those who should not have been given credit, and excessive credit to many more, but the tax code led to the massive move in home equity from the middle class to the banking sector.

[Gravitymaster 0]

I'm very aware of TARP and I have always opposed any bailouts. Businesses rise and fall on their own merit. This is the huge mistake the present admin is incapable of understanding..

[Gravitymaster 0]

Quote

Quote

Yep, all Bush's fault.

Had nothing to do with the government getting involved with real estate lending via Freddie and Fannie.

I sincerely believe that the seeds of the whole thing lay in the tax break for mortgage interest. It created a disincentive for the middle class to hold equity in their homes. Fannie and Freddie may (did) contribute to debt holding by those who should not have been given credit, and excessive credit to many more, but the tax code led to the massive move in home equity from the middle class to the banking sector.

I disagree with any long term government subsidies.

[billvon 3,119]

>Yeah piss into the wind all you want about Freddie and Fannie....but ask
>yourself this....were they the leaders of this predatory lending? The 0 down
>do you have a pulse lending?

Nope. The fault for that lies on . . . us. We wanted cheap zero down loans. We wanted big houses we couldn't afford, that we could buy, sit in for a few years and then sell at a big profit the next time we wanted to move. And we figured we could get that by just imagining things would never change, and our huge massive ARMs would never go up in interest.

Well, guess what? It did and we got clobbered. Sort of what we deserved, actually.

[charlie5 0]

Quote

>Yeah piss into the wind all you want about Freddie and Fannie....but ask
>yourself this....were they the leaders of this predatory lending? The 0 down
>do you have a pulse lending?

Nope. The fault for that lies on . . . us. We wanted cheap zero down loans. We wanted big houses we couldn't afford, that we could buy, sit in for a few years and then sell at a big profit the next time we wanted to move. And we figured we could get that by just imagining things would never change, and our huge massive ARMs would never go up in interest.

Well, guess what? It did and we got clobbered. Sort of what we deserved, actually.

Very true, that and the combined irresponsibility of lenders (with government prodding, and in the case of Fannie/Freddie, direct government lending) we wound up with this mess.

The feather butts bounce off ya like raindrops hitting a battle-star when they come in too fast...kinda funny to watch. - airtwardo

[Gravitymaster 0]

Quote

>Yeah piss into the wind all you want about Freddie and Fannie....but ask
>yourself this....were they the leaders of this predatory lending? The 0 down
>do you have a pulse lending?

Nope. The fault for that lies on . . . us. We wanted cheap zero down loans. We wanted big houses we couldn't afford, that we could buy, sit in for a few years and then sell at a big profit the next time we wanted to move. And we figured we could get that by just imagining things would never change, and our huge massive ARMs would never go up in interest.

Well, guess what? It did and we got clobbered. Sort of what we deserved, actually.

I couldn't agree more. Those big ole mean Bankers were simply giving people what they wanted and the politicians were milking it for all the votes it would get them by showing how much they cared.

[lawrocket 3]

Okay, Shah. Here’s my view:

The government is going about market regulation/deregulation all wrong. I’ll cite a common market example. The way to make money in a market is to buy low and sell high, correct? Of course, this also means that somebody has to sell low. In a robust economy, though, the wealth grows and both high and low would be higher in, say, 5 years than they are today.

When the market is high, everybody is happy. That’s because the economy is growing and that’s more for everybody. The government ESPECIALLY loves it because the stronger the economy is the more revenue that they receive. Regulations put a hamper in the ability of the market to go high.

Consider regulation like giving you weight to carry around. Say you’re running along at a 5 minute mile pace – and everyone thinks, “Wow! Look at him go!” But they you hit the wall after a mile. The government would determined that you were running too fast, and that collapse is not a good thing. The government thinks that you should run no faster than a seven minute mile, which would prevent your collapsing due to overspeed in the future. The easiest way to prevent you from running so quickly is to make you drag 25 pounds behind you. So they look at your exhausted self and say, “Here’s a 25 pound weight for you to drag aound. Get going now. You’ll have to go at a seven-”

Here’s what has been happening since the New Deal: deregulation causes a soaring economy (i.e., Roaring Twenties). If you wanted to regulate the economy to slow it down or cool it off, this would be the time to do it. But they don’t because, gee whiz, everybody is doing so swell. And we the government are pulling in loads of revenue off of this.

Then the bubble bursts. “Government! How could you have let this happen? Do something!” So, the government steps in and starts adding restrictions and regulations. No restricting things when they are going well, but adding restrictions WHEN THINGS ARE BAD! Right when we need the economy to pick itself up, the government sets up rules and regulations that tell it, “Nope. Not like that. Nor that way. Not that one, either. We shouldn’t have let you do that.”

Deregulation makes the most sense when things are not going well. Regulation makes the most sense when things ARE doing well. Want to speed things up? Remove the friction by deregulating. Want to slow things down? Add friction by deregulating.

Regulating a slow economy is kicking it while it's down.

My wife is hotter than your wife.

[ShcShc11 0]

I hate to be the one who says the truth, but things can get far worse within the next 1-2 years.

Europe will be the biggest and most influential factor whether U.S' overall economic health will be slow recovery or Great Depression.

Yes The Great Depression.

You will probably think I'm a fear monger, but looking at Citi/BAC/AIG's balance sheet really make you realize how messed up all the collateral/contracts will be if Europe collapses.

Probably a 30-40% chance ..

Cheers!
Shc

[billvon 3,119]

>I hate to be the one who says the truth, but things can get far worse within the next 1-2 years.

Agreed. We have a very tenuous recovery going on, but at this point it wouldn't take much to cause a systemic failure of the world's financial systems.

[jgoose71 0]

Well, here I go again stating the obvious, but I feel I need to....

Regulations do need to be repealed, but not all of them. As I have stated many times in the past, we need to get rid of the regulations that create an unfair market.

Why is it that GE paid ZERO taxes (actually got money back due to subsidies) last year while earning $14 Billion Dollars and the typical small business owner pays 29%?

Level the playing field and give everyone a standard to bank on (ie, a flat tax) and see what that does. Instead of the government picking the winners and losers, lets see who has good ideas.

What business are waiting for is the health care bill tax hikes to kick in. They don't know what it's going to do to their bottom line. Once they know, the market will stable out and jobs will will follow.

"There is an art, it says, or, rather, a knack to flying. The knack lies in learning how to throw yourself at the ground and miss."
Life, the Universe, and Everything

[mnealtx 0]

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What business are waiting for is the health care bill tax hikes to kick in. They don't know what it's going to do to their bottom line. Once they know, the market will stable out and jobs will will follow.

Agreed.

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706