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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: pstuartb who wrote (304908)3/18/2011 10:27:00 AM
From: bentwayRead Replies (1) of 306849
 
Oh, I SEE it. I'm extremely disappointed that O hasn't even brought ONE banksta to task over very nearly wrecking the global economy, and hasn't told us WHY!

But as to the actions taken AT THE TIME, since we didn't go into a looming 1930's-style depression, you can only say they were successful. The Bush Great Recession we're in NOW sucks, but it could have been SO much worse.

But, you correctly point out that the banks are bigger and more powerful than ever. They were too big to fail then, and they're even MORE powerful NOW, that they've absorbed the banks that have failed.

Financial regulation has been passed, that many poo-pooh, but there's SOMETHING about it the banks don't like, because they're throwing cash at all the (R)'s and buyable (D)'s to repeal it.

Is it strong enough to oversee the banks? Time will tell.
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