Ok see u and I agree on this, but here is the advantage of the private market in regards to corruption. In the private market, corruption cannot be sustained b/c it is self destructing. If a executive is stealing from the company for example, that will hurt the books until it is found out or the company will go down. When there is corruption under regulation, nothing is exposed u just pay off the regulators and in fact they can then make laws that gaurantee the existence of the companies in
Sallie & Freddie wrote conforming or "A" loans since their inception. Only very small exceptions. Any loan above 80% of home value required expensive mtg ins. Wallstreet could not by subprime paper fast enough. SAL &FRED wanted in,underwrote irresponsibly w/no mtg ins. They made record profits as a private entity and left all of us holding the bag.
Easy - because Hannity is not smart either. It is no surprise that Foxnews showed up at the same time that media mongols realized that if they do not sell propoganda to conservative Americans - a significant part of the people will actually get out of the dream bed and actually get to work. So they sold the conservatives a "wake up pill", which was loaded with sedatives to put them to sleep, just in a different dream.
Ok see u and I agree on this, but here is the advantage of the private market in regards to corruption. In the private market, corruption cannot be sustained b/c it is self destructing. If a executive is stealing from the company for example, that will hurt the books until it is found out or the company will go down. When there is corruption under regulation, nothing is exposed u just pay off the regulators and in fact they can then make laws that gaurantee the existence of the companies in
johnebii 3 years ago
spite of the corruption (see Freddie Mac Fannie Mae)
johnebii 3 years ago
both regulation and de-regulation invite corruption. I believe corruption is inevitable.
DaHonestAbe 3 years ago
Sallie & Freddie wrote conforming or "A" loans since their inception. Only very small exceptions. Any loan above 80% of home value required expensive mtg ins. Wallstreet could not by subprime paper fast enough. SAL &FRED wanted in,underwrote irresponsibly w/no mtg ins. They made record profits as a private entity and left all of us holding the bag.
finerbiner 3 years ago
Easy - because Hannity is not smart either. It is no surprise that Foxnews showed up at the same time that media mongols realized that if they do not sell propoganda to conservative Americans - a significant part of the people will actually get out of the dream bed and actually get to work. So they sold the conservatives a "wake up pill", which was loaded with sedatives to put them to sleep, just in a different dream.
utubehayter 3 years ago