Wisconsin native.
"The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC
"Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
Wednesday, July 23, 2008
Understanding the Bank Bailout
Most of us could add that we did not contribute $150K to any Jesse Jackson shakedown dinners.
Umnnnhhh....the bailout here is Fannie/Freddie. Has little to do with "deregulation." In fact, you will find that Fannie/Freddie were encouraged by Congress (mostly the Lefties therein) in perpetrating their scams.
However, as you know, Grumps, there are no regulations which will kill off greedy manipulators, nor practiced criminals.
So I support de-regulation, AND long sentences for crooks, including Congressional crooks.
Do you accept any responsibilty for supporting the deregulators who created the environment which allowed this to build to this level?
ReplyDeleteUmnnnhhh....the bailout here is Fannie/Freddie. Has little to do with "deregulation." In fact, you will find that Fannie/Freddie were encouraged by Congress (mostly the Lefties therein) in perpetrating their scams.
ReplyDeleteHowever, as you know, Grumps, there are no regulations which will kill off greedy manipulators, nor practiced criminals.
So I support de-regulation, AND long sentences for crooks, including Congressional crooks.