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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (158697)	4/22/2009 6:06:07 PM
From: Kevin Rose	2 Recommendations Read Replies (2) \| Respond to of 173976

How is my posting nonresponsive? You claim that this is not a panic, and just a normal 'bust' portion of the business cycle. I say that is not so - it is extraordinary in its depth and unique in the post FDR world of protections against such thievery. Such a unique event was only possible with the cooperation - some would say coordination - from so-called 'pro business' politicians. They traded the safeguards given to us by FDR for a few votes and a little transient power. For example, if the SEC - another safeguard given to us by FDR - had been doing its job, there would not be a Madoff. It was obvious to all Wall Street insiders that Madoff was up to no good - they were just mistaken in believing that his felony was insider trading, which they could benefit from. This panic and its consequence are unique, brought on by a brand of conservatism that will hopefully die a quick and permanent death.