You're just completely wrong Hugh. The regulators, who should have put the kibosh on any and all shenanigans, all work for the EXECUTIVE, W. FIRST, W appointed Brownie-regulators from the very businesses they were supposed to regulate. Guys that were working FOR the bankers, mortgage lenders, etc., NOT the people.
THEN, W told them, Reagan-style, to "get off the backs of business" and "get out of their way" - to take their thumbs out, stick-em up their ass, and sit on them. Don't even enforce EXISTING regulations. Because Reagan-style deregulation had become a RELIGION with the (R)'s, and W was a person of total faith. The wisdom of the unfettered greedy MARKETS was ALWAYS the very best answer to any problem, along with tax cuts, of course.
..and we're living with the results, which Obama is struggling mightily to fix. It's going to cost us, for DECADES. Only the die-hard dead enders deny it. That would be YOU, Hugh, and your few thread mates. |
