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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (821531)	12/8/2014 11:43:47 PM
From: tejek	Read Replies (2) \| Respond to of 1583871

It happened because Bush wasn't watching the hen house. I don't think that was it. I think Alan Greenspan had convinced Bush that the housing market and the derivatives market for mortgage backed securities would 'regulate themselves', and thus NEEDED no regulation. I don't know how it happened but what I do know is the fed was not doing what it was supposed to be doing during that period. That makes Bush responsible.

To: bentway who wrote (821531)	12/9/2014 9:46:23 AM
From: combjelly	Respond to of 1583871

dup

To: bentway who wrote (821531)	12/9/2014 9:48:34 AM
From: combjelly	Respond to of 1583871

I don't think that was it. I think Alan Greenspan had convinced Bush that the housing market and the derivatives market for mortgage backed securities would 'regulate themselves', and thus NEEDED no regulation. What did you expect from an Ayn Rand acolyte? And it rather clearly proved exactly why most libertarian philosophy is hog wash. It had a large scale test and it predictably and spectacularly failed. Which was just an open invitation for the thieves to go to work. The problem is, they are still at work. Another disaster is around the corner.