11-18-2011, 05:56 PM
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#8
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All Pro Poster
Join Date: Mar 2006
Posts: 17,654
My Mood:
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Re: Tea Party Debt Commission Budget
CRA is the rightie talking-point that had very little to do w/the 2008 meltdown. As to Bush's TARP program, nobody likes it but it was the right thing to do, by the time we did it. It should never have gotten as bad as it did, and my belief is that corporate banking institutions should co-insure each other at a higher level than they're required to under the subsequent attempts at re-regulating the financial sector. That would prevent future bailouts by making the financial giants bail each other out when the system itself is threatened. Predictably, the righties attacked it as "making bailouts permanent." Lies and propaganda.
By the way, I must take this opportunity to lament your foray into talking about the economy, 13. You have no experience with it, being an engineer and all.
PFnV
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