All this talk about the death of the Republican party.... They will return!

cawacko said:
what negative effects do you feel deregulation had on these industries? (not a rhetorical question)
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Have you ever heard of the S&L crisis?

Have you seen whats occuring with the banking industry today?

Are your eyes open?
 
Jarod said:
Have you ever heard of the S&L crisis?

Have you seen whats occuring with the banking industry today?

Are your eyes open?
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We are just getting ready to pay for the S&L debacle.
The bailout was financed with 30 yr treasury bonds.
 
Jarod said:
Have you ever heard of the S&L crisis?

Have you seen whats occuring with the banking industry today?

Are your eyes open?
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I work in real estate I am aware of the S&L crisis thank you. I'm asking you what deregulation measure was passed (and when) that you feel caused the S&L crisis because that is your claim.
 
cawacko said:
I work in real estate I am aware of the S&L crisis thank you. I'm asking you what deregulation measure was passed (and when) that you feel caused the S&L crisis because that is your claim.
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That was about 30 yrs ago, but as I recall it was allowing S&L's to act like regular banks and loosened loaning criteria like our recent problems.
 
Whomever said:
That was about 30 yrs ago, but as I recall it was allowing S&L's to act like regular banks and loosened loaning criteria like our recent problems.
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Jarod said it was deregulation under Reagan that caused the S&L problem. I'm asking him what law or act was it that deregulated the S&L's and when was it? He made the statement so he must know (or be talking out of his *ss).
 
cawacko said:
Jarod said it was deregulation under Reagan that caused the S&L problem. I'm asking him what law or act was it that deregulated the S&L's and when was it? He made the statement so he must know (or be talking out of his *ss).
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I can't remember the dereg that allowed the S&L's to shoot themselves in the foot and us too by bailing them out. Or when it happened, but it apparently happened.
 
Whomever said:
I can't remember the dereg that allowed the S&L's to shoot themselves in the foot and us too by bailing them out. Or when it happened, but it apparently happened.
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Well no sh*t dude. We all know it happened. The point of the discussion is what act(s) of deregulation caused it.
 
expecting a libtard to know how to quote a regulation that affected the financial markets is like asking a rightwinger to describe the difference between indica and sativa.
 
cawacko said:
Well no sh*t dude. We all know it happened. The point of the discussion is what act(s) of deregulation caused it.
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Because the sudden nature of these changes threatened to cause hundreds of S&L failures, Congress finally acted on deregulating the thrift industry. It passed two laws, the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Garn-St. Germain Depository Institutions Act of 1982. The deregulation not only allowed thrifts to offer a wider array of savings products, but also significantly expanded their lending authority. These changes were intended to allow S&Ls to "grow" out of their problems, and as such represented the first time that the government explicitly sought to increase S&L profits as opposed to promoting housing and homeownership. Other changes in thrift oversight included authorizing the use of more lenient accounting rules to report their financial condition, and the elimination of restrictions on the minimum numbers of S&L stockholders. Such policies, combined with an overall decline in regulatory oversight (known as forbearance), would later be cited as factors in the later collapse of the thrift industry. [3]

[ame="http://en.wikipedia.org/wiki/Savings_and_loan_crisis"]http://en.wikipedia.org/wiki/Savings_and_loan_crisis[/ame]


1982. Who was president then?
 
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Whomever said:
Because the sudden nature of these changes threatened to cause hundreds of S&L failures, Congress finally acted on deregulating the thrift industry. It passed two laws, the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Garn-St. Germain Depository Institutions Act of 1982. The deregulation not only allowed thrifts to offer a wider array of savings products, but also significantly expanded their lending authority. These changes were intended to allow S&Ls to "grow" out of their problems, and as such represented the first time that the government explicitly sought to increase S&L profits as opposed to promoting housing and homeownership. Other changes in thrift oversight included authorizing the use of more lenient accounting rules to report their financial condition, and the elimination of restrictions on the minimum numbers of S&L stockholders. Such policies, combined with an overall decline in regulatory oversight (known as forbearance), would later be cited as factors in the later collapse of the thrift industry. [3]

Tax Reform Act of 1986


1982. Who was president then?
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Fortunately I can read Whomever. So the initial deregulation was passed in 1980 under Jimmy Carter and a second deregulation in 1982 under Reagan. The tax act of 1986 was NOT a deregulation.

So of Jarod's four industries he didn't like being deregulated so far we found out one was deregulated under Carter and another started deregulation under Carter and continued under Reagan.

Jarod's a lawyer he can argue and he's making a pretty poor one right now.
 
cawacko said:
Fortunately I can read Whomever. So the initial deregulation was passed in 1980 under Jimmy Carter and a second deregulation in 1982 under Reagan. The tax act of 1986 was NOT a deregulation.

So of Jarod's four industries he didn't like being deregulated so far we found out one was deregulated under Carter and another started deregulation under Carter and continued under Reagan.

Jarod's a lawyer he can argue and he's making a pretty poor one right now.
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the tax act was an editing error which I edited out before you replied.
But apparently while you were thinkiing about it.

However if you read the article the tax act did contribute to the S&L flop.
 
Topspin said:
expecting a libtard to know how to quote a regulation that affected the financial markets is like asking a rightwinger to describe the difference between indica and sativa.
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I bet I could name dozens more indica and sativa strains than you and I am right of center.
 
cawacko said:
Any particular myths you have in mind?
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I don't know what he had in mind but may I try? My myths go to beliefs they would like the US people to believe, not their actions.
Starters off the top and in no particular order;
Supply Side Economics works? The GOP supports job growth and enhanced income for the Middle Class worker above corporate profits? Higher corporate profits and increased productivity always result in increased wages? Offshore banking is good for the US economy? CAFE standards are bad for the auto industry? The GOP supports US jobs above globalization? Trade treaties improve the trade imbalance? The GOP supports the concepts of Social Security and Medicare? The GOP wants improved healthcare for all without regard for enhanced profits to the industry? The GOP respects payroll taxes as a tax and thus favors income tax reduction as its measure for tax fairness? The GOP supports the little guy(the general population) above other interests? The GOP "have children" and thus are concerned about the environment over corporate profits?
 
belme1201 said:
I don't know what he had in mind but may I try? My myths go to beliefs they would like the US people to believe, not their actions.
Starters off the top and in no particular order;
Supply Side Economics works? The GOP supports job growth and enhanced income for the Middle Class worker above corporate profits? Higher corporate profits and increased productivity always result in increased wages? Offshore banking is good for the US economy? CAFE standards are bad for the auto industry? The GOP supports US jobs above globalization? Trade treaties improve the trade imbalance? The GOP supports the concepts of Social Security and Medicare? The GOP wants improved healthcare for all without regard for enhanced profits to the industry? The GOP respects payroll taxes as a tax and thus favors income tax reduction as its measure for tax fairness? The GOP supports the little guy(the general population) above other interests? The GOP "have children" and thus are concerned about the environment over corporate profits?
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Some/a lot of what you wrote is pretty detailed oriented and not something I would say is regularly talked about as GOP myths. You seem to be talking more policy positions or you are phrasing things in a way a Democrat would want to show Republican positions. So i'm a little confused (which is a common occurance for me).
 
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