The System Matters

[Muzh]

If we're talking failures in the economy, I would point out the US' investment in mortgage backed securities to right the financial system.  The TRILLIONS of debt held, as a result, has created an intermediate term dearth of liquidity.  While the US will weather the storm, this action has created precedent for future such actions which our country might not be able to obtain a soft landing.

Funny how deregulation works, eh? 

[Gator]

Funny how deregulation works, eh? 

And the Affordable Housing Act too. 

Pogo:  "We have met the enemy and he is us."  All of us, Republicans and Democrats.

[BillyB]

  This is where the Russian system starts to break down whereby Sergei is robbed of his idea, and the idea now withers on the vine because it has been taken over by people who don't fully understand it. 

"Great spirits have always encountered violent opposition from mediocre minds."

 Albert Einstein


Happens more in other countries obviously.

[Muzh]

And the Affordable Housing Act too. 

Pogo:  "We have met the enemy and he is us."  All of us, Republicans and Democrats.

I disagree. The US Department of Housing and Urban Development was very solvent prior to the mass deregulation of Ronnie Gonzo.

[Gator]

I disagree. The US Department of Housing and Urban Development was very solvent prior to the mass deregulation of Ronnie Gonzo.

Does this not fall in the category of "spilt milk"  with everyone having had a hand on the milk.   It's over.  Move on.  No need to cry. 


The lending institutions now seem to have returned to the same difficult albeit sensible mortgage qualification guidelines I knew when working my ass off to buy my first house. 

[Muzh]

Does this not fall in the category of "spilt milk"  with everyone having had a hand on the milk.   It's over.  Move on.  No need to cry. 


The lending institutions now seem to have returned to the same difficult albeit sensible mortgage qualification guidelines I knew when working my ass off to buy my first house.

One more disagreement. No need to cry? Tell that who lost their houses and I'm not talking about the extreme cases. I'm talking about your regular middle-class people.


Move on? Towards regulation.

[mendeleyev]

Similar in Russia it is foolish to expect that corruption suddenly stops to exist just because of a changed political system.

Shadow, when the corruption remains--the system has not changed.