Page 21 of 21 FirstFirst ... 11192021
Results 201 to 204 of 204

Thread: The Boy Who Cried Wolf, A Story the Progressive-Left Fails to Heed.

  1. #201
    Sage

    Join Date
    Jul 2012
    Last Seen
    Today @ 03:03 PM
    Gender
    Lean
    Other
    Posts
    20,185

    Re: The Boy Who Cried Wolf, A Story the Progressive-Left Fails to Heed.

    Quote Originally Posted by JasperL View Post
    That's funny. We're supposed to believe that a law passed by a GOP Senate and House was Clinton's fault, and that once Bush took over the same GOP House and Senate were incapable of changing the law they passed and Bush's regulators were incapable of enforcing existing lending standards. We're also supposed to forget that Bush didn't file suit to prevent states from enforcing their own lending standards.

    I'm with you in assigning part of the blame to Clinton! But you're just showing your partisan colors by absolving the guy in charge while the bubble was blowing up and then crashing from any role in the mess he watched happen. BTW, here's my favorite photo of the era - it's Bush era regulators effectively promising....not to regulate. And they didn't!

    Attachment 67236202

    The guy on the left with the chain saw is the OTS chief who regulated AIG, the insurer that cost about $200 billion to bail out. To be fair, it wasn't really a bailout of AIG, but important customers like GS and CITI, and we funneled the bailout money through AIG, but the point remains. One of the largest insurers in the world was regulated by a "thrift" regulator. Wasn't an accident. OTS promised not to regulate so AIG chose them as regulator.

    Article here: https://www.propublica.org/article/b...regulator-1125
    I'm sorry. The common charge is that Bush caused the Great Recession. I was not trying to absolve him of any blame. I was only saying that the blame need be spread to all who were involved including Bush.

    That group includes anyone who profited from the stock market, held or issued a loan, had a bank account, sold or bought a home or used any banking product of any kind in the last 40 or so years and anyone in government who could see it coming and did nothing to stop it.

    Eliminating the Federal Thrift Charter was also instrumental along with a litany of other laws passed to relax the regulation of the financial industry.

    http://www.cbo.gov/sites/default/fil...433/thrift.pdf
    Every record has been destroyed or falsified, every book has been rewritten, every picture has been repainted, ...every date has been altered. And that process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right. -George Orwell

  2. #202
    Sage

    Join Date
    Mar 2014
    Location
    Tennessee
    Last Seen
    Today @ 10:35 PM
    Gender
    Lean
    Undisclosed
    Posts
    25,685

    Re: The Boy Who Cried Wolf, A Story the Progressive-Left Fails to Heed.

    Quote Originally Posted by code1211 View Post
    I'm sorry. The common charge is that Bush caused the Great Recession. I was not trying to absolve him of any blame. I was only saying that the blame need be spread to all who were involved including Bush.
    OK, but you said - "Are you yet another of the under informed folks that believe that W did something that augmented the drive toward the Financial meltdown." I'm one of those who believe he did lots of things that contributed to the creation and size of the bubble - or more accurately didn't so lots of things.

    And I agree, and there are all kinds of people to blame, and the biggest ones are the guys who fly around in private jets and get 7 or 8 figure bonuses, and whose companies spent $billions (with a B) lobbying Congress, and the White House, and it includes the many Democrats and Republicans who did their bidding in return for all that money and influence.

    That group includes anyone who profited from the stock market, held or issued a loan, had a bank account, sold or bought a home or used any banking product of any kind in the last 40 or so years and anyone in government who could see it coming and did nothing to stop it.
    I don't know why you are blaming the little people, when it's the guys who got rich giving out those loans who are the culprits. Go to NYC (and London, etc) and look up as far as your eye can take you to the penthouse offices on the corners of the major banking centers - that's where the blame goes.

    Eliminating the Federal Thrift Charter was also instrumental along with a litany of other laws passed to relax the regulation of the financial industry.

    http://www.cbo.gov/sites/default/fil...433/thrift.pdf
    That's true - I'm not sure about eliminating the Federal Thrift Charter - I'm not aware that happened pre-crisis (could be wrong). The "let the banks regulate themselves" crowd won the day and the banks caused a WORLD WIDE credit bubble and crash and then recession/depression.

    But the problem a lot of people have is the GOP gets elected, like they did with Trump, promising not to regulate, and then proceed to not regulate, which Bush was proud to not do with the banks and lenders in that era. When that deliberate decision to not-regulate results in a financial crisis and crash, it seems a bit of revisionist history for conservatives who hate regulations and favored all the repeals of bank regulations to blame the crisis on the not-regulation the GOP promises and delivers not to do and which before the crash those conservatives supported (the not-regulation), and it's especially a bit hard to take when people on the right blame democrats for the lack of regulation, when in nearly all other cases Democrats are blamed for....regulating.

  3. #203
    Hates Kittens
    NonoBadDog's Avatar
    Join Date
    Jul 2014
    Location
    Mountains
    Last Seen
    Today @ 09:35 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    17,224
    Blog Entries
    1

    Re: The Boy Who Cried Wolf, A Story the Progressive-Left Fails to Heed.

    Quote Originally Posted by JasperL View Post
    It depends.

    BTW, remember Iraq? It was a long, long time ago but we took far more drastic actions to effect regime change there and in Afghanistan than funding a group that later went on to oppose Bibi. Also, too, Vietnam, and Iran and who knows how many countries in Central and S. America. Not sure why you brought up the most trivial example of the U.S. interfering in who is in charge of a given government.

    Furthermore, if you want to talk about U.S. efforts to oust Bibi, you've been on DP long enough to know how to start a thread. I bet there are several on topic already, which you can bring back from the dead if you want. It's a red herring in relation to this case, unless you're OK with Russians and Chinese and the Saudis and North Korea and any other country with money and intelligence services using their spies to try to elect people in this country sympathetic to their causes. If you don't care about such things, say so, and we can agree to disagree. Otherwise, it's a transparent attempt to divert from the Russia case, and is doing Russia's bidding, or is trolling.



    You'll need some evidence for that. All I've read about is the lawyers representing Concord showed up. And if you want to quote WHY Mueller argues that, that's fine, because Russia refused to serve the defendants in the case.

    https://www.politico.com/story/2018/...e-delay-570627



    As to this:



    You left out the part I quoted above. And note the part about "through counsel." The co-defendants (the owners and any employees - aka the individuals, humans, who might have to go to jail) refused service and Russia refused to serve them. The lawyers were the only human beings related to Concord who showed up in court.
    I can't force you to recognize facts. That denial thing that you insist on doing doesn't work real good.
    Quote Originally Posted by danielpalos View Post
    What double-standard? I am on the left. I question every Thing about the right Wing.
    Quote Originally Posted by Cardinal View Post
    I'm sorry that you feel the need to defame the Americans who voted for Hillary Clinton, and that democratic institutions mean so little to you.

  4. #204
    Sage

    Join Date
    Mar 2014
    Location
    Tennessee
    Last Seen
    Today @ 10:35 PM
    Gender
    Lean
    Undisclosed
    Posts
    25,685

    Re: The Boy Who Cried Wolf, A Story the Progressive-Left Fails to Heed.

    Quote Originally Posted by NonoBadDog View Post
    I can't force you to recognize facts. That denial thing that you insist on doing doesn't work real good.
    I notice you were vague on what facts I got wrong... I quoted my sources, so I'm not sure what you're talking about.

Page 21 of 21 FirstFirst ... 11192021

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •