spaceguy said:
Kasz216 said:
spaceguy said:
Kasz216 said:
spaceguy said:
Kasz216 said:
Romney pointed out many issues with Dodd-Frank and mentioned that he'd keep a lot of it. While Obama claimed Romney wanted no regulations on anything.
Heck, most reporting on the "grand deal" tends to blame the Obama team as well.
While the republicans publically want to make themselves look like the one who won't budge on anything... actually, it mostly looks to be the opposite.
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Have you watched anything on Romney? seems you have not. It seems a lot of republicans forget he flipped on every issue. He has been going around the country telling the exact opposite. You like to ignore all that and stick with his etch a sketch moments like that has been his view all along. He will say and do anything that will get him elected.
Oh yea if you haven't noticed deregulation crashed us. So yes there is bad regulation and good regulation but as said above. You have stated many times to totally deregulate in the past. I will expect you to flip as much as mitt robbed me.
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No I haven't? Though no... de-regulation didn't crash us. Out banking laws, even at the time of the GFC were pretty "liberal" compaired to Europeon standards.
The Banking Modernization act happened in the US partly because Glass-Steagal never existed in Europe... ever.
If Glass-Stegal and other regulations were so important... why had europeon banks never crashed?
What causd the crash was lazy/corrupt/incompetant regulators. It's also why nobody was prosecuted.
You can have all the laws in the world, but when you police force doesn't arrest anyone it doesn't really matter.
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and it was bush that stopped them from doing so. He stopped regulation in it's tracks. We already talked about this. Just like obama is not enforcing laws on some illegal aliens. Same deal. This is romney for sure. He has said so over and over, until the debate and you seemed to forget this. Shake the etch a sketch.
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Except it wasn't Bush.
It started with Clinton...
and no Romney never said "I want to eliminate all regulations ever".
I'm guessing you probably never even heard romney make a speech outside what had been cut and pasted from the Obama campaign team/liberal websites.
If I say "I want to deregulate the candy bar market." that doesn't mean i want to remove EVERY law from the candy bar market. It means there are laws I want to remove.
That's like saying "I want to regulate banking" means you want every single aspect about banking to be regulated extremely strictly.
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yes glass steagal was removed under clinton, There was still regulation. Bush did away with this as well because he didn't enforce it. I think you don't understand the powers of the president. Just like reagan stopped enforcing the Sherman anti trusts laws. Allowing banks to get as massive as they did. I told you already the shift to the right was done by clinton and is continued by obama. I have watched Romney but I'm not sure you have because I sit and watch him and remember all the sh-t he said in the past, to what he is saying now. The point you refuse to see it is remarkable.
Do you own a etch a sketch? Oh of coarse you do.
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Actually no. Clinton was the first one to stop doing that. Predatory lending started to rise under him... and regulation stopped under him.
What you mistakenly are thinking of and refrenced in the other thread was Bush blocking state based anti-predatory laws.
Which is pretty analgous to Obama's blocking of Arizona's attempts to handle immigration law.
I'd suggest you look into the Sub prime Loan market... and just how much it grew under Clinton first. If that's what your blaming. Clinton lit the fuse. He wanted to raise minority home ownership.
Outside which. Your ignoring two other regulating groups.
The federal reserve had broad discretionary power to regulate the banks and stop them from making sub prime mortgages.
Additionally, the vast majority of Sub Prime loans were CRA related Fannie and Freddie had to approve each of these loans.
(Ironically actually, Bush wanted greater regulation on them.)
