Discussion in 'Off-Topic' started by JollyRoger, May 3, 2011.
On the same weekend Lehman failed, AIG and Merrill Lynch were saved via government intervention.
The failure of Lehman destabilized the whole financial services sector of the economy. We are still suffering the affects of letting them go down unmanaged
So we will keep bailing out these companies everytime they fail no matter what the cost?
What about when the 600 trillion-$1.5 quadrillion derivative bubble bursts, that is more money then the entire global economy.
The only way to deal with that is much-needed regulation which cannot be done now because the GOP/Tea Party are corporate apologists and the Democrats lack a spine.
If they were regulated right in the first place, that wouldn't have happened. Deregulation was the ultimate cause of all the other problems.
That is why we had to bail AIG out, so that bubble didn't burst. The whole financial system would have come to a grinding halt. Of course, the GOP thinks we do not need to regulate derivatives.
I know the GOP is to blame for deregulation. Bill Clinton is also at fault for signing the repeal of Glass-Steagall.
The bubble is going to burst eventually and the bailout costs will be so high that we can't afford to do it anyway, so we should have gotten it over with already, putting it off is just going to make it worse.
If we regulate, we can mitigate. Positions have been unwound and the situatiuon isn't as bad from a bubble standpoint as it was in September 2008.
What you are not getting is that the price of not doing the bailout would be far, far, higher than the price of doing them. We got a bargain. Anyone who understood the situation would have done at least as much. Remember, it was most of Congress and Bush who did TARP. His Treasury Secretary and the Fed Chairman told them that they were a day away from the start of a Great Depression, and they acted in the only way they could. And despite the partisan rhetoric since then, they would do it again. This claiming to be against is is just partisan hackery and irresponsibility.
Man, T-Paw is REALLY desperate for news coverage, huh?
Your first GOP debate was sponsored in part by the John Birch Society and Oath Keepers.
I hope they can get some rightwing militia group in on sponsoring the next one.
The debate was a riot. Not even Colbert could top that.
Is the debate online?
I too would like to know if the debate is available somewhere online. If anyone has a link it would be much appreciated.
I just found it on youtube.
Link to video.
Link to video.
Huntsman's excuse hasn't happened yet.
8.8 -> 9.0
Regearing, I guess.
Greenville, SC, the so-called buckle of the bible-belt? How appropriate is it for Fox News to hold the battle of the lightweight Republican presidential candidates there?
And please limit your applause so it doesn't limit the time available this important debate.
First toss up question: Who would release the photo? I see only one of you fell for that easy one to distance yourself from the socialists...
I cannot figure out what you are tying to say in this post.
Separate names with a comma.