Where do you stand?

#28
#28
emainvol said:
No, I just don't want to see us slip back into heavy deregulation.
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Stop using that as a buzz phrase! Read my enormously long post towards the end of the Obama-Ayers connection thread. It explains how government interference actually created the situation we are in right now.

Also, for all the regulation and oversight that people want now. The $700B bailout that passed through Congress, effectively gave the Treasury the power to continue to bail-out anyone else where they see fit...WITHOUT FURTHER CONGRESSIONAL APPROVAL!!! They already set aside $200B more on Tuesday night.

Finally, I think a lot of people need a little refresher on the bell curve. We need a small, wealthy upper class, a large middle class, and a healthy poverty stricken class. It is completely natural.

bell_curve.gif
 
#30
#30
emainvol said:
No, I just don't want to see us slip back into heavy deregulation.

You guys can preach the free market at me all you want, and believe me I don't want a market that is entirely regulated, but I also don't buy that "freer the market, freer the people" crap
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I'll assure you that our financial markets are very heavily regulated. This idea that we have gone through this massive deregulation is garbage, at best.

The main idea Obama the financial child is throwing around is the one that let investment banks be tied to traditional banks. There is no possible way that this is the issue.

The issue in this crisis has been toxic mortgages pushed to the market by Fannie. The deregulation there was honestly the oversight committee. They took on huge risk and banks bought their guarantee. Those banks are paying for that mistake today, as are the investment banks.

Deregulation has almost nothing to do with the mess.
 
#31
#31
bigpapavol said:
i'll assure you that our financial markets are very heavily regulated. This idea that we have gone through this massive deregulation is garbage, at best.

The main idea obama the financial child is throwing around is the one that let investment banks be tied to traditional banks. There is no possible way that this is the issue.

The issue in this crisis has been toxic mortgages pushed to the market by fannie. The deregulation there was honestly the oversight committee. They took on huge risk and banks bought their guarantee. Those banks are paying for that mistake today, as are the investment banks.

Deregulation has almost nothing to do with the mess.
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BPV for president!!​
 
#38
#38
BigPapaVol said:
I'll assure you that our financial markets are very heavily regulated. This idea that we have gone through this massive deregulation is garbage, at best.

The main idea Obama the financial child is throwing around is the one that let investment banks be tied to traditional banks. There is no possible way that this is the issue.

The issue in this crisis has been toxic mortgages pushed to the market by Fannie. The deregulation there was honestly the oversight committee. They took on huge risk and banks bought their guarantee. Those banks are paying for that mistake today, as are the investment banks.

Deregulation has almost nothing to do with the mess.
Click to expand...

are you guys saying that subprime lending sprouted from the government "leveling the playing field?"
 
#45
#45
BigPapaVol said:
you really find that more problematic than Obama's silliness about everyone having a health plan like his own.
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There is a very interesting analysis in this month's Consumer Reports comparing the two candidate's health plans. They take 5 of 6 different situations (young uninsured, 30's healthy family with insurance, etc..) and compare what each plan would mean to them. It was interesting to say the least.

What I learned was that McCain's plan will have its form of medical socialization called GAPs, he will tax you on the insurance premiums your company pays, and the tax credit is tied to rate of inflation which means it errodes very quickly.

If you are not well versed on each candidates plans, I would strongly recommend this as a quick and educational read.
 
#46
#46
emainvol said:
are you guys saying that subprime lending sprouted from the government "leveling the playing field?"
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I'm saying that the government loosening mortgage underwriting standards, via Fannie, for whatever the reasons, is at the very heart of the problem.

Dig in a little and find out what has destroyed the capital of all of these financial institutions. Almost every dime of it is tied to bad mortgage debt writedowns.
 
#47
#47
BigPapaVol said:
The issue in this crisis has been toxic mortgages pushed to the market by Fannie. The deregulation there was honestly the oversight committee. They took on huge risk and banks bought their guarantee. Those banks are paying for that mistake today, as are the investment banks.

Deregulation has almost nothing to do with the mess.
Click to expand...

The people that work at the banks and the people that have money invested in the market are paying. Most executives and decision makers responsible for the mistakes are making out like bandits.
 
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#48
#48
BigPapaVol said:
I'm saying that the government loosening mortgage underwriting standards, via Fannie, for whatever the reasons, is at the very heart of the problem.

Dig in a little and find out what has destroyed the capital of all of these financial institutions. Almost every dime of it is tied to bad mortgage debt writedowns.
Click to expand...

I am obviously not in my comfort zone when dealing with economic factors. I am tending to revert back to conversations I have had with some of my professors (which I will admit range from liberal to moderate but no further).
 
#49
#49
SURFSIDEBEACHVOL said:
Obama, because it will pave the way for the country to have a real Republican(fiscal conservative) President in four years.
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You do understand that BHO, if he wins, will have enough of a majority in Congress to prevent any filibustering by the Republicans. That is an incredible gamble you are taking.

The last two times that situation occurred: FDR and LBJ. I would rather not see any more major progressive sweeps, in even two years.
 
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