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In response to:

Stupidity Laws Could Have Stopped Obama

JW94 Wrote: May 22, 2012 3:11 PM
Maybe you should change your name to More License. ALL human institutions are flawed because they involve human beings. Government exists (unlike post revolutionary France) to keep everyone honest. Unfettered capitalism (contrary to your optimism) will always look like the Russian model involving the Russian Mafia. I know I'm going to get blasted for this comment. But I don't believe ANY human institution is self-regualting - and I don't believe that is Liberalism - unfettered capitalism is Thomas Jefferson and company who condoned the excesses of the French Revolution - a phil0osophy currently repackaged as "conservatism". This is the end of my comments - have at it - or me as the case may be..
In response to:

Stupidity Laws Could Have Stopped Obama

JW94 Wrote: May 22, 2012 2:03 PM
This is a good article until you point to the good judgement of the House Repubicans.
In response to:

Stupidity Laws Could Have Stopped Obama

JW94 Wrote: May 22, 2012 1:59 PM
The public WAS a part of the shareholders. And all you want to blame is the gov't and the poor. How many poor people are in Las Vegas (thelargest number of Foreclosures)? The reality is that everyone was making money until the bubble burst. The derivatives were toxic assests. Did the banks have Federal Marshalls holding guns to their heads to buy these derivatives? Incidentally - JW's economic theory - 2008 was the year the American Public "achieved" a net negative Savings Rate - that's the pin that burst the bubble. The bubble itself resulted from government and bank investment policies.
In response to:

Stupidity Laws Could Have Stopped Obama

JW94 Wrote: May 22, 2012 1:15 PM
You said “House Republicans meanwhile are taking a more pragmatic and ultimately correct position that these losses are best left to shareholders and board of directors to figure out.” - REALLY! Aren’t you part of the same Bush/Paulson/Geithner/Boehner team of apologists that said the then “shareholders – namely the public resulting from the TARP bail-out”, did not have the right or the intelligence to ask the heads of these “certified” bank failures to give up their bonuses? I’ll believe your clap-trap when the next time this happens you advocate the public staying out of these situations and inviting the CEO’s to the end of the unemployment line!
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