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To: Wolfie
I don’t know. I’ll have to see if I can find anything on a de-regulated Wall Street running amok and bringing us to the brink of financial meltdown. I seem to recall something like that recently.

Yeah, you read that from the same leftists who screwed up the whole thing in the first place.

Read about it from Thomas Sowell, a conservative. You are a conservative, right?

Here. I'll even give you some links.

Bailout Politics

Taxpayers' Trillion

The Blame Game

Please pay special attention to this part from the last link:

The word repeated endlessly in these political charades is "deregulation." The idea is that it was a lack of government supervision which allowed "greed" in the private sector to lead the nation into crises that only our Beltway saviors can solve.

What utter rubbish this all is can be found by checking the record of how government regulators were precisely the ones who imposed lower mortgage lending standards-- and it was members of Congress (of both parties) and who pushed the regulators, the banks and the mortgage-buying giants Fannie Mae and Freddie Mac into accepting risky mortgages, in the name of "affordable housing" and more home ownership. Presidents of both parties also jumped on the bandwagon.

Don't swallow the anti-Capitalist Kool-Aid, FRiend. It was Washington, not Wall Street, who engineered this disaster.

Remember what Ronald Reagan said: "Government is not the solution to our problem; government is the problem!"

132 posted on 09/26/2009 1:58:04 AM PDT by TChris (There is no freedom without the possibility of failure.)
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To: TChris

In as much as Washington gutted the regulations that prevented Wall Street from playing these games in the past, I agree with you.


141 posted on 09/26/2009 7:59:55 AM PDT by Wolfie
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