Comments on: Only Tighter Regulation Will Stem this Crisis of Confidence

By: An Open Letter to President-Elect Barack Obama: How a Regulatory Makeover Can Fix the Financial Crisis

Mon, 19 Jan 2009 17:22:10 +0000

[...] Only Tighter Regulation Will Stem this Crisis of Confidence. [...]

By: Econ101

Econ101 — Sat, 17 Jan 2009 03:02:02 +0000

It is NOT more regulation, there are plenty of regulations. The SEC didnt do their job because the GOP was paying off their contributers. Now the Democrats are paying off with more TARP.

What would get their attention is Prosicution of the SOB’s from the Hamptons. Then a public hanging!

Start with Paulson & Pelosi – Arrest, Trial, Conviction & Hang!

By: dabba

dabba — Sat, 17 Jan 2009 00:18:11 +0000

the market was on its way to working but got hijacked by the feds, we have now poured 8.5 trillion down a rathole to cover a trillion dollar problem. at best the subprime was less than that but it makes for easy figuring. capitalism requires that the foolish, the greedy pay for their mistakes. i aint seen that yet. in most cases the recipients of the bailouts still have the same guys in charge. where are the perp walks?

By: JIM RAy

JIM RAy — Fri, 16 Jan 2009 16:35:08 +0000

IT’S ANOTHER FORM OF THE TRIED & TRUE,”BUST OUT SCAM”.IT KEEPS REAPPEARING, OVER & OVER AGAIN,IN MANY FORMS BECAUSE IT WORKS! BOMB OUT THE COUNTRY,BUST OUT THE FINANCIAL ENTITY . MAKE MONEY, IF YOU ARE A PRIVILEGED CHARACTER.USE THE TAX PAYERS TO PAY ,FOR REBUILDING THE MESS YOU LEFT. MAKE MONEY BOTH WAYS. THEN YOU ACT DUMB GEE ,I DON’T KNOW WHY IT HAPPENED.& WALK OFF INTO THE SUNSET WITH THE LOOT. THE MORE PEOPLE YOU INVOLVE,USING THEIR GREED, THE MORE IT LOOKS LIKE AN ACCIDENT.IT’S NOT AN ACCIDENT.IT WAS CAREFULLY PLANNED & ORCHESTRATED. AN INTERESTING EXAMPLE,ON A SMALLER SCALE IS THE SILVERADO S&L SCANDAL. SOME OF THE SILVERADO SCAMSTERS ARE INVOLVED IN THIS BUSTOUT SCAM.A WEB SEARCH OF,SILVERADO S&L, NEIL BUSH & JOHN MCAIN ,WILL PROVE VERY ENLIGHTING . BE SURE TO READ THE RELATED ARIZONA NEWSPAPER ARTICLES& CONNECT THE DOTS! JIM RAY

By: Jerry Kwas

Jerry Kwas — Fri, 16 Jan 2009 14:09:38 +0000

Great Factional Article

By: Buddy Mix

Buddy Mix — Fri, 16 Jan 2009 13:54:38 +0000

The Glass Steagal Act and the Uptick Rule were the pillars of safety that were removed by Republican Senators and Appointees while the Democrats watched.

Your article does not site any real reasons for the debacle we now face. When is our government going to have the guts to start naming names and dealing with the individuals who knowingly stole the American Tax Payers savings? This was not some accident. This was a splendid example of American Greed led by very bright, extremely well educated individuals entrusted with the economy who created this problem.

In 1999 the Modernization Act replaced the Glass Steagal Act and from 2000 to 2007 the economy went through the fastest inflation in history. Then the Uptick Rule was removed by President Bush’s appointee, Christopher Cox as the entire financial world rolled over.

Who was behind this? Who benefited from short selling the entire country? Where did all that money go? Follow that trail and you’ll find the master minds behind histories greatest heist.

By: R. Marcel Dubois

R. Marcel Dubois — Fri, 16 Jan 2009 12:38:18 +0000

Have you ever had that sick feeling in your stomach after reading someone’s opinion. If your article is not an opinion then how can it be so wrong on so many levels?

The cause of our predicament is government. It begins with our Federal Reserve and ends with our Central Banks.

Because of our FDIC guarantees, we enable greedy behavior. And because they can depend upon ‘Bail Outs”, they (The good ole boys – Financial Institutions, AIG, Auto Manufacturers etc) can now add another Grand Strategy to their list of what to do when things get tough.

Does anyone believe that such reckless lending would have existed if Fractional Reserve Banking didn’t exist? And does anyone really believe that such dangerous business practices could possibly exist without FDIC or government bailouts were not a reality?

We really need to take a sip of the “Reality that Is” to answer the question of why and how.

The only way to stop this nonsense is to keep big government out of the economic equation. Capitalism does not support government regulatory committees. It supports free trade and the business savvy of businesses like Microsoft, Apple, IBM, and sound financial institutions.

While I respect your education and your knowledge factors, I question that which is being accepted as ‘knowledge factors’ when the law of economics is being distorted.

Economics is the science of ’scarcity’. When we allow our government to gain control of money, we allow an outside source to distort its value. There can be no question about the affects of pumping money into the economy. It has been proven time and time again to lead to inflation.

Bernanke is good at inflating our dollar. Artificially deflating the interest rates continue to inflate our dollar. Warning: Hyperinflation is a real possibility.

If we want to put a stop to all of this nonsense we must first understand the true meaning of Laissez Faire Capitalism. We must return to the Gold Standard. And we must take government out of the equation.