RUN REAGAN RUN!!!!
See Amber is always picking on poor Regan… He hesn’t done anything to her personaly…
Or could look to the people passing ridiculous regulations forcing banks to make bad loans they normally never would, just so ‘everyone could own a home’, even if they couldn’t afford one….
Nobody forced banks to give bad loans to people who obviously couldn’t afford them. Banks did that on their own free will to make some extra money, and they were allowed to do so because the regulations that were already n place in the 40s to prevent that stuff were repealed in the 80s under the claim of “Free Market” and Reaganomics. It’s not like Amber’s wrong or anything.
Uh-huh, keep believing it. Or look up one of many, many sources as to why banks were forced to make terrible business decisions by political interests. http://www.lewrockwell.com/dilorenzo/dilorenzo125.html
You have been duped by a pile of lies. The vast majority of bad loans were made by financial institutions that were not actually banks, so they weren’t regulated. And they made those loans because, by slicing them up and selling them to security investors, they made a killing. And when those junk securities inevitably went under, the frauds who made the loans in the first place took no losses, because nobody could prove that they owned those loans anymore.
That is what really happened; it was blatant fraud and theft, but done in such an arcane way that nobody could even prove it was illegal. And the Wall Street bandits who did that want you to believe that it was regulations that forced them to do that, because they don’t want to have to give up their freelance thievery.
“…well don’t look at me. I didn’t see this coming, either.”
I love Galasso. And I may not agree with his economic policy (or much of his other policies, either), but I do love your Ronnie.
In the past we commies over regulated our economies. We ended in a big pile of shit. You fully deregulated yours. You are now sinking in the same pile of shit as us. Welcome. ;-P
Have you tried starting a bank or lending institution recently? It’s about as deregulated as the arms industry, and for the same reason – for the benefit of politically-privileged companies.
Galasso’s thinking, “I brought you back into this world; I can take you out of it.”
you realize that politics, just like everything else in our lives, is directed, invented, co-opted and corrupted by humans. that in itself means anything we do is ultimately screwed. no matter how perfect we try to make it, from policy to a pin to a missile, it will ultimately fail in some way.
And someone will bitch about it.
Ronald Reagan go to the time out corner
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