![]() |
![]() |
![]() |
#161
|
||||
|
||||
![]() Quote:
Simply refute all the lies and made up stuff in those op-eds. What alot of columns and op-eds do is breakdown complicated issues down to plain english. Perhaps if you protested specific items in those pieces you could enlighten us to all the bias and untruths being spread. We all know that wont happen... |
#162
|
||||
|
||||
![]() Quote:
|
#163
|
||||
|
||||
![]() Quote:
Last edited by SCUDSBROTHER : 12-26-2009 at 05:37 AM. |
#164
|
||||
|
||||
![]() Good to see BO getting some well-deserved r&r on that lovely rock in the Pacific.
Be there myself in about seven short weeks. ![]() |
#165
|
||||
|
||||
![]() theme song for his first and only term
http://www.youtube.com/watch?v=Sep27sMmG-0 Who?s to know if your soul will fade at all? The one you sold to fool the world You lost your self-esteem along the way, yeah Good god, you're comin? up with reasons Good god, you're draggin? it out And good god, it's the changin? of the seasons I feel so right, so follow me down and just Fake it, if you?re out of direction Fake it, if you don't belong, yeah Fake it, if you feel like infection Whoa, you?re such a ****in? hypocrite You should know that the lies won't hide your flaws No sense in hiding all of yours You gave up on your dreams along the way, yeah Good god, you're comin? up with reasons Good god, you're draggin? it out And good god, it's the changin? of the seasons I feel so right so follow me down and just Fake it, if you?re out of direction Fake it, if you don't belong, yeah Fake it, if you feel like infection Whoa, you?re such a ****in? hypocrite I can fake with the best of anyone I can fake with the best of them all I can fake with the best of anyone I can fake it all Who?s to know if your soul will fade at all? The one you sold to fool the world You lost your self-esteem along the way, yeah Good god, you're comin? up with reasons Good god, you're draggin? it out Good god, it's the changin? of the seasons I feel so right, man, follow me down and just Fake it, if you?re out of direction Fake it, if you don't belong, yeah Fake it, if you feel like infection Whoa, you?re such a ****in? hypocrite Fake it, if you?re out of direction Fake it, if you don't belong, yeah Fake it, if you feel like infection Whoa, you?re such a ****in? hypocrite |
#166
|
||||
|
||||
![]() Quote:
i do wonder what part you think proves your point and not mine. citibank shouldn't have been allowed to become too big to fail citigroup. the government failed in it's role as regulator of the banking sector. that was a decades long process. i'm unclear how the fact that the bush admin decided not to allow another major bank failure after lehman (the right decision in my opinion) proves that the free market is the answer to all economic problems. should citi and aig been allowed to fail? what do you think the unemployment rate would be now if that happened? i think we need a free market. i also think history has taught market's work best with some regulation. where the line falls is open to debate. what's not is the extreme idea that market's need no regulation whatsoever. which seems to be what the republican right is currently preaching. |
#167
|
||||
|
||||
![]() Quote:
However I dont see how any of this proves your point??? But it pays to remember what a bad idea TARP capital injections were in the first place. The nature of the problem was first apparent, ironically, in the rush of healthy banks to join Citi and friends under the so-called Troubled Asset Relief Program, fearing the lack of an imprimatur as a bank Washington had decided would not "fail." That dynamic ran in reverse last week as banks rushed to pay back TARP money and shed the onus of government support. Bank of America had to be hurried out because Bank of America was looking for a CEO and couldn't find or pay one as long as it was laboring under Washington's populist pay restrictions. Acknowledging TARP's perverse impact on Bank of America's CEO dilemma, Treasury and FDIC could hardly pretend it wasn't deleterious for Citi and Wells Fargo's ability to run their own businesses. Terms were quickly hammered out to let them escape, too. Voila, a scheme designed to strengthen confidence in the financial system had become the opposite, in compounding fashion. Let's have a moment of realism: Policy toward these giant banks always had as its primary goal saving the government from having to take them over and run them, as it has (wretchedly) AIG. It was to avoid the disaster of nationalization. Legs one and two (plus the FDIC's guaranteeing of bank debts) were always sufficient to meet this goal and keep the giant banks stumbling along under private management and control. TARP capital injections were not only superfluous but invited the calamity they were meant to avoid, with politicians running rampant in the hallways. Take the cautionary example of Fannie and Freddie, which today are not being "conserved' in federal conservatorship but are being used to prop up home prices. For the banks, exiting TARP at least reduces the risk of similar corruption. Washington chose not to dismantle Citi, so it should have expected no less. Oh well. In a crisis, politicians will look around for businesses "too big to fail," and any conceivable Citi would likely fit the bill, as it has since the 1970s. This problem may not be fixable, but what are fixable are the deeper antecedents of last year's troubles. Fewer banks would have inflicted such damage on themselves if not for the government's role in encouraging Americans to incur housing debt, with direct subsidies, tax incentives and the use of Fannie and Freddie to channel China's surpluses into a U.S. housing boom. |
#168
|
||||
|
||||
![]() Quote:
the article suggests that the regulation could have been different. other decisions could have been made. things could have been done better. i can't argue against any of that. i'd just like one of the fox poster's here to acknowledge that there's a legitimate role for government in the economy. |
![]() |
Thread Tools | |
Display Modes | |
|
|