Deregulation schemes..........
Posted By: sorry, wrong party..... on 2008-09-19
In Reply to: You know what and who is to blame, don't you? - Ima Friend
Well, if you want to talk dereglation, we would have to start with Bill Clinton, the person who ACTUALLY signed the deregulation act for banks in 1999.
It was called the "Financial Services Modernization Act of 1999". AND, I believe that he was Democrat. See, this is what happens when blabbering occurs without knowledge. Throw the blame game out there and not check your facts. I am not Republican but like I said on another post, all this republican finger pointing shows just how little you know.
You obviously have heard "deregulation" out the ying yang over the past few days but instead of wondering where it all started, you simply start yelling "Republican, republican, republican".
Deregulation of banks began in 1999 (that would be on Clinton's watch). That's now why things are completely out of control. When he took regulation out of the picture, financial companies from every corner of this country became more corrupt than ever, nothing to hold them back, no accountability for anything they did.
Unfortunately, other presidents and now, the citizens of this country, have had Clinton's crap land squarely in our laps. You're right.....Heaven help us all!!! However will we pay for all of Obama's social programs when we are broke, thanks to Clinton.
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Imperial world domination schemes and doctrines
I am quite familiar with Soros, beliefs and books. My favorites are the Age of Fallibility and the Bubble of American Supremacy. Brilliant insight there. I was not asking to be educated about Soros. I was asking for the other poster's OWN explanation of how she thinks Buffet and Soros are responsible for ALL the items I listed. Apparently, you missed the point of my post, but no surprise there. Here's a clue. In the face of the entire economic picture, this stupid conspiracy theory falls apart.
Key word = deregulation!
Thank you! At least someone else here has a grasp on reality!
the subject is deregulation
of insurance companies which would result in collapse of the industry. Can you image the results of that? Do you think it might affect your teeny tiny job in any way?
Deregulation of what, may I ask? Banks,
Deregulation of unions in US
Gourdie: I definitely agree, and I find it such a shame that the workers and consumers in this country cannot see what has happened. All this talk about OSHA, etc. has no meaning anymore because the backbone of these government offices have no backbone and don't give a gnat's tweeter how the American workers have and continue to suffer.
I agree that McCain has been for deregulation...
yes. But when it counted, when he saw the crisis coming, he cosponsored legislation to REGULATE. Obama did not. This is not just about money. This is about putting your country first. WHen you see that your economy could be put in crisis because of a program in trouble, you should put country before party and fix it. Obama, Dodd, and Frank did not; in fact, made it worse by encouraging Fannie/Freddie to go on just like they were. That is about judgment. THat is about caring more about your country that your party or your career. Yes, I will accept that McCain had a lobbyist as recently as last month on his campaign. Will you accept that Jim Johnson, with Obama campaign until last month, was one of the CEOs who walked away from Fannie with a HUGE golden parachute, PERSONALLY benefitted from the cooked books?
No, I do not accept that McCain had anything to do with this crisis that faces us now. He is the only one who saw this coming and tried to head it off, and Obama and Biden BOTH helped kill it.
Obama showed very plainly that he put party and career first, and the American people second. As did Dodd, Frank, and yes, Biden because none of them would buck the party and help the legislation pass.
I think his judgment is wrong, I think his priorities are wrong, I think he and the Democrats are on the wrong side of this and Republicans are on the right side, specifically John McCain.
I am not convinced it was all about money. What I am convinced about is that it was party ahd politically motivated and we the rank and file Americans got thrown under the bus. McCain tried to stop the bus...the Democrats, Dodd, Obama in particular...pushed the accelerator.
link to mcClain's health deregulation
The Ad: We've seen what Bush-McCain policies have done to our economy. Now John McCain wants to do the same to our health care. McCain just published an article praising Wall Street deregulation. Said he'd reduce oversight of the health insurance industry, too. Just "as we have done over the last decade in banking." Increasing costs and threatening coverage. A prescription for disaster. John McCain. A risk we just can't afford to take.
An article in the obscure journal Contingencies, published under McCain's name, says: "Opening up the health insurance market to more vigorous, nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation."
In the article, the Arizona senator certainly sounds like the strong advocate of deregulation he has always been. And the timing makes McCain sound like he is defending the loosening of federal rules on banks, now widely blamed for the Wall Street turmoil that has led President Bush to propose a $700 billion bailout of the banking and credit industries
Deregulation of health care system...
kiss your butt good-bye.
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