By: Enough Said
Good point @Richard The future is not what it used to be. This financial crises has been a wake-up call to the 99%, and possibly an ever bigger wake-up call to the 1%. The battle lines have been drawn...
View ArticleBy: Sterling Ferguson
@Unzola, you are so right many of these people who were calling for the government to get rid of regulation a few years ago are now calling for regulations. However, Paul Krugman would disagree with...
View ArticleBy: Wynand
@ Unzola, From your source: “The push of the Reagan administration for deregulation made it harder to catch the fraud. This had two effects: Most obviously, it meant that the fraud continued longer and...
View ArticleBy: Sterling Ferguson
@Wynand, the ten year war in Vietnam and massive spending by the government on social programs in the US without raising the taxes led to inflation. The same thing is happening today with the US...
View ArticleBy: Garg Unzola
@Sterling: Most people would disagree with me. Especially the economists whose jobs rely on being regulators. They’re trying to hoard cats. @Wynand: Again, please read the articles in their entirety....
View ArticleBy: Wynand
@ Unzola Of course deregulation is not the only problem, bad regulations are too. Like I’ve pointed out before, building societies exist in many other advanced countries that have not had housing...
View ArticleBy: Garg Unzola
@Wynand: I didn’t blame building societies, nor do I suggest that we should get rid of them. Of course the vast majority of sub-prime delinquencies were in the private sector. Let’s say government...
View ArticleBy: Wynand
@ Garg “What’s the first thing you’re going to do? Wild guess: you’re going to take out a mortgage on your house to get spending money for Christmas. In short, you’re going to use your assets as...
View ArticleBy: Garg Unzola
@Wynand: Regardless of your financial position, if you have an asset – especially one that is immobile – one would be more likely to give you a loan. Especially see the role of Fannie and Freddie in...
View ArticleBy: Wynand
@ Garg More likely is not the same as automatically granting a loan. People with assets can also be underwater, which I don’t think can be all that hard for a lender to find out. It’s as simple as...
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