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givejonadollar (November 30, 1999 at 12:00 am)
Wonder if Bill will ever have Ron ever again?
HeadTater (November 30, 1999 at 12:00 am)
It's not the Republicans who are running up the bill. It's the Necons! I do not consider myself a Republican primarily because of the Neocons. Guys like Ron Paul are the only reason I haven't forsaken the GOP like I have the Democrats.Whatever, the whole two party system is faulty. The idea that we get this or that and nothing else is dumb. I choose D, none of the above!
dac8555 (November 30, 1999 at 12:00 am)
This crash and the great depression were evidenced by REMOVAL of regulation. In 1933 the Glass-Steigal act was introduced to add key regulation and insurance (FDIC) it seperated reatail banking from investment banking. It was repealed in 1999....right when the credit bubble and RE bubble started to go crazy. coincidence?In Canada,luxembourg,finland regulation is very centralized and efficient. they are now the srtingest systems in the world. That is the history of which I speak.
dac8555 (November 30, 1999 at 12:00 am)
@ flip+ solomon- I have actually worked for exchanges creating financial structures as well as in major brokerages.. Financial markets CAN fail due to too much regulation, but bubbles are evidence of BAD regulation or not enough. Evidence of TOO MUCH regulation is evidenced by a waining in volume and disinterest on the part of investors. The US is capitalist..not PURE capitalist. Pure capitalism is anarchy. I do blame current economic problems on the removal of key regulations,
solomon8833 (November 30, 1999 at 12:00 am)
@dac8555 What history are you looking at? People like RP and me get it. We have not had capitalism in over 100 years in this country. Blame our current economic problems on capitalism? Are you crazy? I have not seen a free market in my lifetime.
syghur (November 30, 1999 at 12:00 am)
"But that's in the past." Typical. Never mind that it didn't work then. We still have to do it now.
flipicaneze (November 30, 1999 at 12:00 am)
Financial markets failed because there was too much regulation putting competition out of business. If you had choices, wouldn't go buy from the businesses that had the more fair practices and let the businesses that screwed over people go out of business? It goes so deep it's taken me a lot of study to halfway understand.
leftydanvball (November 30, 1999 at 12:00 am)
Here is the way to take this for real conservatives who see the common sense that RP preaches. You have to attack the Republican establishment during the primaries, then vote for the best candidate in the two party system. We can get smart candidates in during the primaries. That is where we need to push.
dac8555 (November 30, 1999 at 12:00 am)
I like Ron paul. Nice guy. Honest, never changes his story. But, History and financial markets prove him wrong. I would like for him to be right, but it isnt. People without regulation will run amok and screw poeple left and right to get what they want.
LordoftheKaty (November 30, 1999 at 12:00 am)
Don't forget the king of them all, who owns most of our debt, instead of the illusion most people believe that China owns the majority, and thats the Federal Reserve, who owns 2 trilion of our debt. The FED owns the world now, we are all slaves America! |