Stock Market
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TRGLDTE
Guest
Until we are wiling to face Truth, we will not have a solution to this problem.
cawacko
Well-known member
Trog, you hit the nail on the head when you said it was not deregulation it was changes in regulation to make loans more "affordable" for lower income folks and minorities. An example of government changing laws to purportedly help a problem and it ends up creating a whole new (worse) problem.
Wow, Cawacko agreeing with Trog that it was not deregulation that caused the problem, but rather, regulation.
Well, mark this down folks, you won't see that twice.
I know I'm convinced.
uscitizen
Villified User
Umm we had no problem till we changed things.
under the old regulations this could not have happened.
Now banks are into securities and insurance, making the whole situation even more volitile.
evince
Truthmatters
http://gadfly.igc.org/progressive/13-corp-reg.htm
Yeah yeah I know it by a progressive but please give it a read he held a very piviotal position which gave him a close up view of the subject.
Yeah yeah I know it by a progressive but please give it a read he held a very piviotal position which gave him a close up view of the subject.
evince
Truthmatters
Can private industries regulate themselves, or is government regulation necessary if the public interest is to be protected and served in a free-enterprise economy?
It is a fundamental dogma of the regressive right that government regulation of business is not only unnecessary, but is a positive hindrance to optimal corporate performance. For the past quarter century, “deregulation” has been the keyword of the Reagan, Bush I, Clinton and Bush II administrations, and the right insists that we are all the better for it – the public as well as the private sector. We are assured that a corporation’s proper regard for its reputation, along with the constant threat of law suits from potentially aggrieved competitors and citizens, suffice to keep the industry in check. Furthermore, with the relaxation of regulation, corporations have willingly and successfully accepted the responsibility of “policing” their own behavior.
That’s the claim. But is it true?
For seven years, I had the opportunity to scrutinize that claim as it pertains to the chemical industry, as a member of the “Public Advisory Panel” of the Chemical Manufacturers Association (later re-named The American Chemistry Council).
Simply stated, my conclusion from that experience is that corporate self-regulation can benefit the public and that it might partially achieve the results otherwise obtained by government regulation. But “partial success” is not enough – not even remotely -- for it leaves open opportunities for corporate abuses at the expense of the public. The chemical industry's tepid commitment to "responsible care" was indicated by the abolition of the Public Advisory Panel in 2000, and of its short-lived successor, the so-called "Leadership Dialog," in 2006.
If the public at large is to be served and protected from corporate abuses, government regulation is essential.
It is a fundamental dogma of the regressive right that government regulation of business is not only unnecessary, but is a positive hindrance to optimal corporate performance. For the past quarter century, “deregulation” has been the keyword of the Reagan, Bush I, Clinton and Bush II administrations, and the right insists that we are all the better for it – the public as well as the private sector. We are assured that a corporation’s proper regard for its reputation, along with the constant threat of law suits from potentially aggrieved competitors and citizens, suffice to keep the industry in check. Furthermore, with the relaxation of regulation, corporations have willingly and successfully accepted the responsibility of “policing” their own behavior.
That’s the claim. But is it true?
For seven years, I had the opportunity to scrutinize that claim as it pertains to the chemical industry, as a member of the “Public Advisory Panel” of the Chemical Manufacturers Association (later re-named The American Chemistry Council).
Simply stated, my conclusion from that experience is that corporate self-regulation can benefit the public and that it might partially achieve the results otherwise obtained by government regulation. But “partial success” is not enough – not even remotely -- for it leaves open opportunities for corporate abuses at the expense of the public. The chemical industry's tepid commitment to "responsible care" was indicated by the abolition of the Public Advisory Panel in 2000, and of its short-lived successor, the so-called "Leadership Dialog," in 2006.
If the public at large is to be served and protected from corporate abuses, government regulation is essential.
I always hold off till I see the reset. I don't know how much longer it will be. Buy low though. Watch the companies that are "near bankruptcy" because of the below prime loans, if they don't hit bankruptcy you want to buy at the reset, if they do you want to buy right when they come up from bankruptcy. Growth will be large in them....
Have patience. This was expected, how long have I warned about the housing issue? Well, not constantly but I have definitely warned about it. I told LadyT that waiting a bit longer before buying a house might be good because when the market fell she would get better deals....
So far I have been right on a lot of things.
Buy gold.
Have patience. This was expected, how long have I warned about the housing issue? Well, not constantly but I have definitely warned about it. I told LadyT that waiting a bit longer before buying a house might be good because when the market fell she would get better deals....
So far I have been right on a lot of things.
Buy gold.
Topspin
Verified User
I have to agree with Desh on blame the lendor more.
Afterall they will throw the borrower out to the street in a nano second that's not new news. NO way the lender should be bailed out. How about a few activist judges make the lender financially responsible in cases where these douchebags knew beyond a doubt that the individual wouldn't or couldn't pay back.
Also yes housing is hitting the economy more than I thought, few thought it would be through a drying up of credit. That said last qtr was 3.4% and profits were up 14%. The financials companies may take it on the chin, may even cause a recession but we will bounce back even better.
If you have cash, buy over the next 6months and long term you'll be fine.
Afterall they will throw the borrower out to the street in a nano second that's not new news. NO way the lender should be bailed out. How about a few activist judges make the lender financially responsible in cases where these douchebags knew beyond a doubt that the individual wouldn't or couldn't pay back.
Also yes housing is hitting the economy more than I thought, few thought it would be through a drying up of credit. That said last qtr was 3.4% and profits were up 14%. The financials companies may take it on the chin, may even cause a recession but we will bounce back even better.
If you have cash, buy over the next 6months and long term you'll be fine.
doniston
Aint I a cutie? HEH HEH
what is really comical is that he says he has me on ognore,
maybe because he doesn't want to find out I was right. but Not knowing it, doesn't change a thing.
and it ain't over yet.
uscitizen
Villified User
evince
Truthmatters
I have done the same ,I have one friend I convience him and his wife to wait and they will be buying next yeat instead of this one.
They are going to thank me big time in a year from now.
Well I guess I really shouldnt expect any thanks people always end up thinking it was their idea but hell that is OK because I got what I wanted out of it anyway ,Them amking a deal instead of goig WTF did we buy for.
doniston
Aint I a cutie? HEH HEH
I think gold is fine for a hedge, but not for growth at the moment. that will come down the road a peice.
Truck Fump / h1b
Verified User
naked puts people. naked puts.
uscitizen
Villified User
So spinner is admitting to being a moron ?I do have doniston on ignore and gramppy usc is now added for calling me a liar.
if you browse without singing in you see the morons that you have on ignore
damn., that college degree really helped him.