Results 426 to 450 of 580
07-02-2012, 06:50 PM #426
07-02-2012, 06:51 PM #427"We sit together, the mountain and I, until only the mountain remains." -Li Po
07-02-2012, 06:52 PM #428
How about that Montana used to not have speed limits on certain stretches of their interstates and the feds forced them to implement speed limits. For absolutely no good reason, other than to assert their control.
07-02-2012, 06:53 PM #429
07-02-2012, 06:55 PM #430
07-02-2012, 06:57 PM #431"We sit together, the mountain and I, until only the mountain remains." -Li Po
07-02-2012, 06:58 PM #432"We sit together, the mountain and I, until only the mountain remains." -Li Po
07-02-2012, 07:51 PM #433
I am not defending the American tort system. IMO, it's inefficient and unfair, and a really stupid and indirect way to regulate. But it seems that Americans prefer to be regulated by the fear of jury verdicts than direct regulation.
07-02-2012, 08:27 PM #434Balls Deep in the 'Ho
07-02-2012, 08:38 PM #435"We sit together, the mountain and I, until only the mountain remains." -Li Po
07-02-2012, 09:32 PM #436
That is NOT correct.
I live in Montana and we really had it good back then. Then our control-freak Republican legislature combined with a Republican Governor, citing law-and-order concerns, gave us a speed limit. The rational was "How can the highway patrol give you a ticket for speeding if there is no speed limit ? " These proto-TeaBaggers really understood the meaning of freedomz.
The Feds had nothing to do with it. We did it to ourselves."Zee damn fat skis are ruining zee piste !" -Oscar Schevlin
"Hike up your skirt and grow a dick you fucking crybaby" -what Bunion said to Harry at the top of The Headwaters
07-02-2012, 10:13 PM #437Lord King of the Beater-Kooks
07-02-2012, 11:20 PM #438
Many people can be wrong.
Is deregulation to blame for the financial crisis?
By David Barker, Ph.D
(David Barker received his Ph.D. from the University of Chicago, where he previously taught real estate, urban economics, industrial organization and corporate finance. He has worked as an economist for the Federal Reserve Bank of New York and taught at the University of Iowa.)
The end of the Glass-Steagall Act’s separation of commercial and investment banking is also unlikely to have been an important cause of the financial crisis. Financial firms that failed, such as Bear Stearns and Lehman Bros., had not combined with commercial banks. In fact, as some observers have pointed out, if they had, they would have been more likely to survive.
Deregulation did not cause the financial crisis, because financial regulation in the United States has always been flawed. In many ways, regulation worsened the crisis, and keeping old regulations might have made it even worse.
Instead of blaming deregulation, it would be more appropriate to ask how regulators could help banks lure business away from the shadow banking system and how the federal government can be prevented from undertaking massive and disruptive social engineering schemes such as the promotion of home ownership.
Despite this there are a large number of people in this country(most of them politically left of center) who have invested themselves in the tired discredited idea that the financial crisis was caused by deregulation and the resultant greed that that deregulation gave expression to, and to avoid future crisis the government must become more invasive and exert more control over the private sector. Nothing could be further from the truth.
There is a lesson in this for the health care debate. The same people who insisted that the government could and should become involved in the housing industry in order to "make it more fair" and "see to it that every American had access to affordable housing" are now pushing for the government to become involved in the health care industry in order to "make it more fair" and "see to it that every American has access to affordable health care".
If we fall for this again, on the heels of the last disaster they caused, we deserve what we get.it's all young and fun and skiing and then one day you login and it's relationship advice, gomer glacier tours and geezers.
07-02-2012, 11:34 PM #439
07-02-2012, 11:53 PM #440
I directly addressed your post with a credible, non ideological refutation of your rendition of what 'some people' say, while reinforcing what DBS was saying. The ideological angle is relevant to the discussion because of the ideological tribalism displayed in the national debate that spawned this thread in the first place.
But you didn't like where the facts lead so your retort is to post bullshit.
Good job. That's a strong argument.it's all young and fun and skiing and then one day you login and it's relationship advice, gomer glacier tours and geezers.
07-02-2012, 11:58 PM #441
Opportunity is every bit a social occurrence as it is achievement. Therefore, how can there be equality of opportunity without social equality?
If Roark had possessed the inroads into the social circles his bro had, he could have blazed his own path.
The lone overachiever winning out in the end who gets to rape the woman of his dreams symbolism stuff was subliminal fodder for proletariat pipe dreams.
07-03-2012, 12:16 AM #442
If two equally talented individuals make different choices in life and one goes straight to college after high school and the other ski bums for a couple of years and then settles down in a ski town and opens up a small tour company, they, through their choices, will have created social inequality; social inequality that will be amplified in their children as they are likely to take on the values of their parents and make similar choices as far as career and lifestyle.
The social engineers will look at this as a problem that needs to be corrected. There is no way to 'correct' this situation while still valuing liberty and individual sovereignty.it's all young and fun and skiing and then one day you login and it's relationship advice, gomer glacier tours and geezers.
07-03-2012, 12:52 AM #443
And 2) the federal government had pushed for expansion of mortgage lending for decades, but the push became much stronger during the George W. Bush administration. Tying homeownership to the fight against terrorism, he said that he wanted to “make sure America is secure from a group of killers, people who hate — you know what they hate? They hate the idea that somebody can go buy a home.”
In the same speech, he advocated smaller down payments, tax credits for house buyers and simpler mortgage documents. “The rules are too complex,” Bush said. “People get discouraged by the fine print on the contracts. They take a look and say, well, I'm not so sure I want to sign this. There's too many words.” The American Dream Downpayment Act of 2003 implemented many of Bush’s recommendations, and subprime lending, financed by mortgage securities, accelerated.
07-03-2012, 12:59 AM #444Lord King of the Beater-Kooks
07-03-2012, 07:15 AM #445"You damn colonials and your herds of tax write off dressage ponies". PNWBrit
07-03-2012, 07:19 AM #446"You damn colonials and your herds of tax write off dressage ponies". PNWBrit
07-03-2012, 07:59 AM #447Registered User
- Join Date
- Apr 2009
Liberty for all.
Except those people.
07-03-2012, 08:15 AM #448
Harry remembers things how he wants to. Harry, I ask you to find one shred of evidence online to support your position.
07-03-2012, 08:16 AM #449
07-03-2012, 08:28 AM #450
2003: Fannie Mae and Freddie Mac buy $81 billion in subprime securities.
June: Federal Reserve Chair Alan Greenspan lowers federal reserve’s key interest rate to 1%, the lowest in 45 years.
December: President Bush signs the American Dream Downpayment Act to be implemented under the Department of Housing and Urban Development. The goal was to provide a maximum downpayment assistance grant of either $10,000 or six percent of the purchase price of the home, whichever was greater. In addition, the Bush Administration committed to reforming the homebuying process that would lower closing costs by approximately $700 per loan. It was said it would further stimulate homeownership for all Americans.