Replies to post #173528 on Tornado Alley (PROG)

[SilverSurfer]

tinner, you have the wrong guy. I am against most of what Republicans stand for and support. Sure don't love'em....

[SilverSurfer]

tinner, as much as you would like to blame all the failure on one party, it seems there is plenty of fault, and some good on both sides. Anyone who says, "it's Alaways YOU'RE FAULT!" is always wrong. My personal opinion >

"Rick, I really want to hear what the policy idea is here," Liesman asked.

"I don't believe in policy! I believe in markets!...No. I don't believe that human hubris is smarter than aggregate personality. Period." Santelli responded.

A big problem now is things are so micro managed, the so called "Markets" are manipulated by the liquidity flush and the Big Players, like Goldman Sachs, who OWN the politicians.


Read more: http://www.businessinsider.com/this-epic-rick-santelli-rant-is-still-ringing-in-our-ears-2012-4#ixzz1rpv1Kf2b

[SilverSurfer]

25 People to Blame for the Financial Crisis

President Clinton's tenure was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. It is the subject of heated political and scholarly debate whether any of these moves are to blame for our troubles, but they certainly played a role in creating a permissive lending environment.

Read more: http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html #ixzz1rq4HvP6n