spaceguy said:
Kasz216 said:
spaceguy said:
Kasz216 said:
spaceguy said:
BenVTrigger said:
Nah its not and Im not sayin Mitt is the best choice either
But I dont see how anyone defends Obama anymore. The mans a failed president, the worst in my lifetime, and is leading the slowest recovery in US history.
Im not even a big Romney supporter at all but Obama is beyond awful |
actually the depression took over ten years to recover from and it wasn't until 2nd world war that we did. Also you would rather go back to someone who's policies mimick bush's. Those are the same policies that got us in this mess in the first place. Or should I say the The full controll of government by bush and a republican congress.
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So you deny that the main reason for the Global Financial Crisis was the repeal of Glass Steagal?
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Nope I agree that was a big part but when bush came in he decided to complete deregulate wall st and the banks. . I'm not a fan of the democrates moving to the right. I will be the first to say Clintons nafta and Glass steagal removal was a disaster.
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Can you point to actual bank deregulation measures Bush passed in regard to banks that you think hurt?
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He used a power that presidents have and stopped enforcing regulation. Presidents do have that power. Basically he let anything go.
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again, can you offer any proof of this.
It's not a claim I can find any actual suggestion of...
As far as I can tell derivitives were deregulated under Clinton in the Commodities Futures Modernization act of 2000.
http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
A little talked about bill that deregulated credit Default swaps and made it way easiesr for them to get rubber stamped good grades and relaxed capital requirements on banks.
I think what your seeing as "Bush not enforcing credit default swap regulations" is actually in fact the CFMA coming into full effect.
By the way i've got no idea wherer it was republicans or democrats who supported the CFMA or both. I assume there had to be at least some democrats due to the republicans getting decimated in the midterm elections.
