SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Little Joe who wrote (40658)10/27/2008 7:06:24 PM
From: tejek  Read Replies (2) of 149317
 
Also, I do not agree that letting the markets correct themselves is Bush's ideaology. I think that Bush and Washington were taken in by the Greenspan Mafia who were mostly concerned about enriching Banks and wall street financial institutions.

BS. Greenspan's crime is lowering interest rates. He didn't force lenders to lend to people with poor credit, he didn't tell agents to fudge their clients mort. applications, he didn't tell appraisers to jack the value of property unfairly, he didn't Wall St. to package the loans in way you couldn't tell what was bad and what was good etc. Regulating these businesses was the job of the Feds and to a lesser extent, the states. Neither did their job.

The proof of the pudding is look what happened when they were threatened. All of a sudden we have all the money in the world to save them. The hell with deficits, we have to save the crooks and thieves who contributt to our campaigns. My god if they go bankrupt, who will finance our campaigns? !!! This is the Bush Washington Doctrine.

Maybe saving them is a good thing We didn't save LEH and its made the crisis much worse, not better.

Its the ideology of Libertarians like yourself that helped get us into this mess. And now you stand back and play critic......I don't think so.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News