Times are tough all over

tw · 10-10-2008, 10:47 AM

Classic man - your admittedly limited research has led you to post the right wing extremist mantra. Blame it on Clinton. Blame an accounting change. A finance market meltdown due to those trivial reasons?

Ignore that the mental midget intentionally deregulated and kept throwing money at the economy as if tax cuts to the rich, tax rebates, and massive government spending solve everything. Even equities were carefully written to be regulated only by the SEC (not regulated by the states) where regulations were subverted, ignored, or liberated. Where even NINJA was the new model for business.

George Jr got the deregulated economy he wanted. None of which is mentioned in classicman's research. Research curiously echoes what right wing extremists say. Blame Clinton. Never blame the administration that all but refused to prosecute Enron, did nothing to address a lack of transparency, and even refused to increase the Security and Exchange Commission budget.

Why such great care so that securities would not be insurance? Then the equity had near zero regulatory oversight by federal regulators – George Jr’s deregulation.

Rule changes after 2000 made it easy and profitable to market equities without due diligence. As a result, $trillions were tied into unstable equities - especially mortgaged backed securities that started an avalanche. As a result, credit and equities markets froze because no one knew who was stable and who was about to go belly up. As a result, companies ran to government for corporate welfare while the reason for those failures walked away with $hundreds of millions. All these somehow are missing in classicman's posts that would attack the messenger rather than address a fundamental problem. His research parrots right wing extremist mantra.

Blame 'mark to market'? Why not also blame Putin? Classicman – do you realize that is equivalent to blaming an ant for causing you to stumble? Can you deal with the absurdity of your ‘research’ rather than take it as a personal attack?

10-10-2008, 10:47 AM	#11
tw Read? I only know how to write. Join Date: Jan 2001 Posts: 11,933	Classic man - your admittedly limited research has led you to post the right wing extremist mantra. Blame it on Clinton. Blame an accounting change. A finance market meltdown due to those trivial reasons? Ignore that the mental midget intentionally deregulated and kept throwing money at the economy as if tax cuts to the rich, tax rebates, and massive government spending solve everything. Even equities were carefully written to be regulated only by the SEC (not regulated by the states) where regulations were subverted, ignored, or liberated. Where even NINJA was the new model for business. George Jr got the deregulated economy he wanted. None of which is mentioned in classicman's research. Research curiously echoes what right wing extremists say. Blame Clinton. Never blame the administration that all but refused to prosecute Enron, did nothing to address a lack of transparency, and even refused to increase the Security and Exchange Commission budget. Why such great care so that securities would not be insurance? Then the equity had near zero regulatory oversight by federal regulators – George Jr’s deregulation. Rule changes after 2000 made it easy and profitable to market equities without due diligence. As a result, $trillions were tied into unstable equities - especially mortgaged backed securities that started an avalanche. As a result, credit and equities markets froze because no one knew who was stable and who was about to go belly up. As a result, companies ran to government for corporate welfare while the reason for those failures walked away with $hundreds of millions. All these somehow are missing in classicman's posts that would attack the messenger rather than address a fundamental problem. His research parrots right wing extremist mantra. Blame 'mark to market'? Why not also blame Putin? Classicman – do you realize that is equivalent to blaming an ant for causing you to stumble? Can you deal with the absurdity of your ‘research’ rather than take it as a personal attack?

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