October 3rd, 2008, 15:28
But, daddy, u said just be "laissez-faire" and all will be well.
Agency’s ’04 Rule Let Banks Pile Up New Debt, and Risk
nytimes.com/2008/10/03/business/03sec.html?pagewanted=3&_r=1&hp
<snip>
The commission’s decision effectively to outsource its oversight to the firms themselves fit squarely in the broader Washington culture of the last eight years under President Bush. A similar closeness to industry and laissez-faire philosophy has driven a push for deregulation throughout the government
<snip>
Last Friday, the commission formally ended the 2004 program, acknowledging that it had failed to anticipate the problems at Bear Stearns and the four other major investment banks.
“The last six months have made it abundantly clear that voluntary regulation does not work,”
Dddddddddddddddddduuuuuuuuuuuuuhhhhhhhhhhhhhhhhhhh hhhhh!!!!!!!!!!!!!!!!!!!!!
There it is, the 04 decision that sparked the crisis that's getting close to setting off a depression!
The Credit Card BOMB may go off before Christmas:
marketwatch.com/news/story/bad-credit-card-debt-could-next/story.aspx?guid=%7BDE0C0B15%2D4760%2D491C%2DA0F4%2 DD34CBD96F7B7%7D
It's OFFICIAL (finally), It's a Recession.
Arnold says he needs 7 billion $$$:
latimes.com/business/la-fi-calif3-2008oct03,0,5726760.story
Why not bailout the airlines if you're gonna bailout Wall Street?
What I still can't understand after this is why the press seems bent on favoring "outsiders" (like Bush, Palin ...).
Agency’s ’04 Rule Let Banks Pile Up New Debt, and Risk
nytimes.com/2008/10/03/business/03sec.html?pagewanted=3&_r=1&hp
<snip>
The commission’s decision effectively to outsource its oversight to the firms themselves fit squarely in the broader Washington culture of the last eight years under President Bush. A similar closeness to industry and laissez-faire philosophy has driven a push for deregulation throughout the government
<snip>
Last Friday, the commission formally ended the 2004 program, acknowledging that it had failed to anticipate the problems at Bear Stearns and the four other major investment banks.
“The last six months have made it abundantly clear that voluntary regulation does not work,”
Dddddddddddddddddduuuuuuuuuuuuuhhhhhhhhhhhhhhhhhhh hhhhh!!!!!!!!!!!!!!!!!!!!!
There it is, the 04 decision that sparked the crisis that's getting close to setting off a depression!
The Credit Card BOMB may go off before Christmas:
marketwatch.com/news/story/bad-credit-card-debt-could-next/story.aspx?guid=%7BDE0C0B15%2D4760%2D491C%2DA0F4%2 DD34CBD96F7B7%7D
It's OFFICIAL (finally), It's a Recession.
Arnold says he needs 7 billion $$$:
latimes.com/business/la-fi-calif3-2008oct03,0,5726760.story
Why not bailout the airlines if you're gonna bailout Wall Street?
What I still can't understand after this is why the press seems bent on favoring "outsiders" (like Bush, Palin ...).