Democrats Caused Housing Mess

[bigjon]

Kasz216 said:

ManusJustus said:

bigjon said:

Again less regulation is a good thing, more oversight is a good thing.

You cant have your cake and eat it too.

Sure you can.

It's like giving rules to a child.

For example you don't want a child to eat sweets before bed.

Regulation is like saying "You can't be in the kitchen after 5pm"

Oversight is like telling your child he can't have sweets... then punnishing him for doing it.

Predatory lending was illegal... it's just nobody bothered to have any oversight.

Some people believe regulation and assurance  is better.  If he's not in the kitchen he obviously can't eat the sweets kept there.

Other people believe oversight and freedom is better.  If he's not aloud in the kitchen he can't do a great number of things he can do that's perfectly ok for him to do.  Like get some juice or play a game on the kitchen counter.

very good example. Regulation just cost businesses, whether it be opportunity cost or the cost of adhering to the regs.

Also to whoever said I am a joke- Nothing I have posted in this thread are not true. The joke is that the people that do not agree with me think I am a joke. It is a way for them to undermine what I am saying. Call me a joke, therefore nothing I say at all can be taken seriously, and therefore must not be true.

@Desroko

I do not believe I was reffering to the CRA. The only bill I reffered to was the revision of Glass- Stegal. I am not familiar with CRA. And I do know what I am talking about. The only time I am ever wrong is when I interject my opinion, which could be on or off base. I do not present something as fact unless it is true. Most people are smart enough to reconize a statement of fact from an opinion. It was my opinion that Obama showed poor judgement in using Raines. It is fact that Raines is connected to the Obama campaign. I should not have said a specific job, since I do not know for sure his official title, but he is connected to Obama and his campaign.