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Wall St Needs Liability=Criminal punishment
Credit default and naked default swaps were an unregulated market which led to 80- 90% of 62 trillion dolllar market. This according to the New York superintendent Dinallo's Congressional testimony Oct 14,2008. Wall Street shifted its activities to the unregulated market as less labor intensive, but also with potential for perverse ...
Posted to The Undercover Economist by Usama3 on October 15, 2008
Democrats caught covering up for Fannie and Freddies crimes.
How could the media forget to mention any of this? Its almost like the democrats took bribes and covered up the crimes because they knew the economy would collapse... why would the democrats burn your economy down?
Posted to Politics by lasrever on September 29, 2008
Economic Liberalism to the Rescue?
Economic liberalism basically calls for: deregulation, privatization, globalization, and reduced governance. While it may appeal to certain ideological purists, the actual application of these concepts have unforeseen, unintended, and negligently estimated consequences. I've spent much of my Sunday morning listening to explanations of the ...
Posted to Politics by Usama2 on June 1, 2008