do you "less government" rhetoric lovers think there should be no financial

  • Thread starter Thread starter HybriDSM
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do I want to subsidize high traffic, highbandwith websites that I never use because some schmuck doesn't feel like paying an extra $14.95/month on his own damn bill?

No. I don't.
 
Corporations have no soul, their only driving force is profit, no matter who gets fucked over in the process. Let's get rid of the anti-trust laws, and OSHA, and all that, and we'll see just how good hearted corporations are. Do you remember the Rockefellers, the Mellons, the Carnegie's.....
 
You cannot honestly sit there and tell me that Wall St did not play an incredible part in the overall recession. Not to mention all sorts of 401k's and pension funds were buying up the MBS they were selling so peoples money vanished. It had everything to do with the fact that banks would no loan money to anyone. The idea that this rooted out over leveraged businesses isn't wrong, but many solid businesses sustained critical losses. Our company has been around for 70 years and we had to lose 25% of our work force because the banks didn't want give out the same amount of money they gave to us last year.

It's absolutely absurd to say that wall st gambles didn't play a major role in this recession.
 
If this crisis did not involve CDSs and synthetic CDOs that none of those guys understood, and actually compounded their losses, then I would agree with you. However that isn't the case.
 
Oh yes, BP.



They have Obama in their pocket and you expect him to do something about BP

The Federal Govt could have closed that leaking pipe in a day, but poor BP would have to spend millions redrilling. But super awesome President Obama is just being a lackey and telling Congress not to be mean to them

lol
 
the hilarity of this is

unless the bill made fannie/freddie completely public and stripped all government backing of its loans, shut down the fed res window and threw every pension that is backed by the fed under the bus, we're still on the hook for 100+ TRILLION dollars in privately owned, but government backed investments.
 
Flatten military management.



Read More http://www.wired.com/dangerroom/2010/05/gates-to-pentagon-bureaucrats-youre-next/#ixzz0odXf4no5
 
That's because the minerals or whatever agency was very closely tied to the oil industry.

The problem with regulation is when you get a president who doesn't believe in it, he will gut the regulatory bodies.
 
I think what the guy said above about there being positive and negative regulation stands true. There is almost no even ground because of the two parties constantly fighting for opposites. No compromises ever.
 
you're right, companies should be allowed to bundle shit mortgages together, lie to people and say they are highly rated, then bet that they are going to fail and make a fucking shitload, completely destroying the lives of millions and tanking the entire national economy. I mean, where's the harm in that?
 
It is much better when Wall Street Executives are put in control of everything. It has been working great for the last 80 years.
 
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