Greed is Good? The Bush-McCain Recession,Depression?

or when Capitalists become Socialists begging for federal bailouts...
http://www.THESOAPBOXROADSHOW.COM


here is a comment I agree with so I post it here:

As I see it, the problem came in three basic steps.

1 Bankruptcy 'reform' was enacted, followed by mortgage deregulation.

2 Lenders went hog wild making crazy loans, figuring worst case, they foreclose and get the land, they win no matter what, ey?

3 Too many foreclosures crashed the value of homes, something the lenders never figured could happen, and now the whole economy is crashing

The fix: reinstate the old bankruptcy laws and re-regulate the banking industry, ASAP!

Category:

News & Politics

Tags:

• Lehman
• recession
• stocks
• depression

[garlicnoses4Obama]

"Stupid, stupid loans", "greedy", "irrational".

Let's see-- they got rich spending the USSR out of existence, developed China, India and Brazil, and recaptured all those petro dollars, and Asian export dollars with the funky paper that was used to rehab America.

In fact, they fought wars around congress with coke money through Mena Arkansas and The Rose Law firm, and put Billary Clinton in office to keep the Greenspan tap open wide.

Me thinks maybe there's a method to their madness...

[Ralphdraw3]

bYE BYE

[East17A]

ralph they wasn't stupid when they did this ... the greed blaind there eye and covered there brain they didn't care about nothing but them but them self and no body but them self of course with the government help who was this government? they was the republican and i don't care what any body want to say about the democrat all i know the control was under the republican hand and the final decision was ther decision

[Ralphdraw3]

O.K. - the "smart" guys who made these lousy/bad loans, were the ones who knew enough to get their commissions and then dump the loans on someone else (like Lehman or AIG etc.).

The top Enron guys did the same thing - they made their money up front and got out very early (dumped their stock, took their bonuses etc..)

[nedlund]

the left wing guys like us, have been saying these things will happen. wake up ameracia

[jobedied]

Greed the true value of American business. Say anything critical you are a communist. We play hard ball we have to lay off people maximize profits and stocks and compete on world markets!! What a crock of shit told by a bunch of Milton Friedman whores who know less about business than a child selling lemonade on the street. True business is people making profits and trade that benefits all, workers,owners,investors, and consumers. WE now have cheap Ivy league trained whores running business.

[justl00king69]

Their investors, stockholders and employees got 'Dick-Fooled'. Just like with the current Automobile sector crisis, much of this is due to self-regulation. The US is in for some bad times. China is creeping up to take the US's place, and I'm not sure how that will turn out. But the way it looks, they will probably head the same way in the future.

[soulfortruth]

broken down palace

watch?v=Wsj1MicUei0

[Niloush]

cool neat! visit my profile! h

[Soulrazr]

More dems are going along with this bill than repubs. House republicans are at least fighting this bill. Some dems and repubs are at least asking why cant wall street bail themselves out. Looks like this vid demonizes all republicans. Ron Paul is right every time he's talking about the bailout.

[Ralphdraw3]

Doc Paul didn't want to impeach Bush or Cheney.

Was up with dat??

[danspeaks]

lol not all of the GOP members voted for or like those guys... i voted for RP and if you look at the dems... they have been with bush every step of the way

[nedlund]

lets just pay for all these wall street gangs. and let the poor and stupid pay for it, wake up guys its all over. the governments do not run the country wall street does