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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (30793)12/27/2008 11:21:34 PM
From: Nicholas Thompson  Read Replies (1) | Respond to of 71588
 
however; did not GWB, our soon past president call for an "ownership Nation" and push all those no or low regulation policies to make that possible, or am I living in a parallel USA? He did make noises about regulating Fannie and Freddie but then fired the guy who dared to attempt regulation. With the rest of the financial sector he really did look the other way.



To: TimF who wrote (30793)12/29/2008 6:27:17 PM
From: RMF  Read Replies (2) | Respond to of 71588
 
Tim, I'm thinking that we had "capitalism" with PAID referees.

Even in capitalism you need somebody to "judge or appraise or give an independent opinion".

During this mess we had Moodys, S&P and Fitch to act as OBJECTIVE and INDEPENDENT arbiters to PROTECT the World from biased and imperfect evaluations of debt instruments.

They DIDN'T do that. They took the money and CHEATED.


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