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4 Comments
blankfistsays...*quality *doublepromote
siftbotsays...Boosting this quality contribution up in the Hot Listing - declared quality by blankfist.
Double-Promoting this video back to the front page; last published Wednesday, July 28th, 2010 8:09am PDT - doublepromote requested by blankfist.
quantumushroomsays...Liberal insanity (doing the same thing over and over again, expecting different results).
Every time Sh;tgress takes a break from their year-round vacations to draft new legislation, we're screwed. Are you beginning to understand?
We could seal every last one of the bastards in a vault for 10 years and leave the laws as they are and be no worse for wear.
But let's assume for a minute that this new garbage legislation does exactly what the left wants it to do. Even in this pristine fictional form, the very real consequences will be higher taxes or more debt (someone has to pay for those new bureaucraps/police) more crippling regulations for businesses and, oh, I almost forgot, the average joe (whom taxocrats claim to be standing up for) not only is taxed more, businesses will simply pass along costs.
With thugverment---a necessary evil and nothing more---the cure is almost always worse than the disease.
NetRunnersays...@blankfist, I'm kinda surprised at you. Perhaps you fell for the title, but here are some of the things Bill Black says:
Which is to say, the new regulations on derivatives are good, but they are too easy to circumvent.
Note: rating agencies are privately owned, for-profit companies.
This probably got your juices flowing, since it places some blame on the Fed. Unfortunately, it places blame on the Fed for refusing to regulate. Oh, and it was Republicans who insisted that the consumer protection agency be housed at the Fed.
In all, he's making all the usual liberal criticisms of the bill, which is that the bill's new regulations aren't nearly tough enough; which itself is based on the premise that unchecked greed and dishonesty was the root cause of the crisis.
Oh, and @marinara it doesn't "ensure Wall Street Scams keep running", a fair representation of his comments would be "doesn't crack down on Wall Street Scams."
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