USA - Bush's Last Minute Deregulations

[jpzxcvbnm]

Regulation or deregulation itself is not a good or bad thing. It depends on what you are trying to regulate or deregulate. It is good to regulate on Fannie Mae and Freddie Mac, but good to deregulate some red tapes within businesses that make it harder to increase revenue or open up more jobs. When politicians say regulate or deregulate, they really don't tell you the context of what they are regulating or deregulating.

[xaviqaz]

The argument about deregulation as a cause of this crisis is a fallacy. Here in Europe our big banks are 50% more leveraged than american and japanese ones. The financial system of countries like Austria, Germany, Italy, Belgium or Sweden is seriously threatened to collapse because of the credit "black hole" in eastern Europe caused by years of artificially ECB low interest rates. Would you say that we (europeans) are pro-deregulation guys? You miss the point. The credit bubble was worldwide.

[testchimp23]

These "rules" sound like someone trying tighten the reigns on their slaves.

[johnnybandmember]

McALLEN, Texas Vice President Dick Cheney and former Attorney General Alberto Gonzales have been indicted on state charges involving federal prisons in a South Texas county.

Cheney is charged with engaging in an organized criminal activity related to his investment in the Vanguard Group, which holds financial interests in the private prison companies running the federal detention centers. It accuses Cheney of a conflict of interest and "at least misdemeanor assaults" on detainees.

[testchimp23]

I just got that video from "brasscheck tv". That's awesome!