regulations for the most part did NOT arise from whole cloth, they were written because industry created issues they refused to resolve or pay for without that regulation

auto makers were dumping their bronchitis in my kids air and chemical companies were dumping their cancer in my moms water

they refuse to clean up their crap and bing, we force them with regulation

they refused to make energy efficient cars and we are at security risk so bing, regulation, they refuse to have safe working conditions, people were dying, they refuse to clean up their shops, bing, regulation, they refuse to consider the water tables while they shred mountain tops for a few lbs of coal and profit, bing, regulation

in ALMOST EVERY CASE, the regulation gives us POSITIVE return NOT negative, there is a RARE condition where the regulation is counter productive or has become counter productive, THAT IS RARE

you DO NOT “eliminate” regulations that might be counter productive, you revisit them, you correct the problem, you insure industry pays their own bill without getting us to pay it for them

you make the regulations as benign as possible but it MUST be effective, otherwise industry will find loop holes and continue to steal from the rest of us

All of this is a result of the deregulation that started under Carter Nixon, found its fullest expression under Reagan, and had the frosting spread on top when Clinton went along with the repeal of Glass-Steagall.

is now fixed. Please throw out whatever manuscript you have that is providing you with shite history.

Please note, most of what you are on about is mere opinion, you are welcome to it, for that, I just consider the source and disregard.

All of this is a result of the deregulation that started under Carter, found its fullest expression under Reagan, and had the frosting spread on top when Clinton went along with the repeal of Glass-Steagall.

While the GOP nut jobs like to paint FDR as a socialist he was only acting as a member of the capitalist class desperate to save capitalism. At the time he took office, there were strikes going on throughout the country, socialism was openly talked about, and the working class was facing starvation along with Pinkertons (think Blackwater) who were sent in along with police to split heads during labor unrest.

They don’t care about us, they never have. If they won’t save Lehman Brothers do you think they’ll save ANY of the middle class families who are on the brink right now? The bridge loan for AIG was meant to service its debt, that’s all. Debt principal doesn’t need to get paid off, in fact, it’s better if it isn’t because outstanding loans are carried on banks’ books as assets. It’s the interest that needs to be serviced. That’s why whenever there’s a problem with some foreign country, the debt is rescheduled and the interest payments continue. It’s always the interest payments that count which is why so little of your mortgage payment goes to principal or your credit card payments.

Yeah, let’s make those tax cuts permanent, they sure have served as an engine of growth, haven’t they?

Who wanted to take Social Security and give it to Wall St. because he had so much “political capital” after being “re-elected” in 2004?

As for this long overdue “market correction” I surely do not enjoy seeing it happen yet one just knows that Wall St. has been running the red lights on too many “funny money” schemes and gamings far too long.

In view of how the top ten percent of Americans have been walking off with bulk of the economic income loot for past ten years perhaps this “market correction” will set things into better perspective for this group.

Odd how this bunch always wants “less government/low/no taxes” until they need help then the tune changes.

As for American real estate and housing on which much of this Wall St. house of cards was constructed could we please take this idea of it all being about money and profits out once and for all time.

I have a friend who now makes all of about $7.65 an hour and works every day trying to hold on to a house that likely will be lost. I would like to see these Wall St. guys try to make a go of it on $7.65 an hour.

Houses are homes for people. Should not be fodder for Ponzi schemes coming out of Wall St.

Do not ever let Wall St. get control of Social Security Funds.

“Another valley activist, Philip Munger, says that Palin also helped push the evangelical drive to take over the Mat-Su Borough school board. “She wanted to get people who believed in creationism on the board,” said Munger, a music composer and teacher. “I bumped into her once after my band played at a graduation ceremony at the Assembly of God. I said, ‘Sarah, how can you believe in creationism — your father’s a science teacher.’ And she said, ‘We don’t have to agree on everything.’

“I pushed her on the earth’s creation, whether it was really less than 7,000 years old and whether dinosaurs and humans walked the earth at the same time. And she said yes, she’d seen images somewhere of dinosaur fossils with human footprints in them.”

More in Salon…

If Bear, Lehman and Merrill go away, does David Rockefeller (JP Morgan Chase & Goldman) benefit?

Cui Bono? Are we to assume these are coincidences?

What was Warren Buffet doing at Offutt Air Force Base on 9/11? Why did he insist that Ann Tatlock meet him there rather than remain in her office in the WTC that morning?

Bush flew to Offutt on 9/11. The huge white airplane seen over the White House on 9/11 originated from and returned to Offutt on 9/11.

http://killtown.911review.org/buffett.html

All just coincidences, right?