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Gov't Agencies that Protect Americans...Really Protect Corp America

Discussion in 'Political Discussion' started by PatriotsReign, Aug 18, 2011.

  1. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Yup, that's what I'm starting to believe (and what Mcgraw has consistently pointed out here on this board).

    Rolling Stone: Is the SEC Covering Up Wall Street Crimes?

    "A whistleblower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation’s worst financial criminals."

    Rolling Stone: Is the SEC Covering Up Wall Street Crimes? by Matt Taibbi « The Cherry Street Press

    I'm sick....REALLY sick & tired of just accepting what our gov't does and how we all just accept it. To me, these criminals are some of the most vile people alive. They are traitors to the American people and should be prosecuted as traitors.

    Thoughts?
     
    Last edited: Aug 18, 2011
  2. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    The function of any bureaucracy is to perpetuate itself, and nowhere is this more true than in the gov't regulation business...

    This is very old news, and for many of us a realization that occurred in days past...

    If you understand where the power is in this country, it all makes sense.. the military industrial compex and power elite are the shot callers.. everyone else is just a pawn.
     
  3. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Some of it is old news...but the part about the destruction of documents isn't old news.

    If our gov't ever tries to bail out another bank, we should all stop it from happening....

    yeah, let's bail them out with OUR money!:rolleyes:
     
  4. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    Matt Taibbi is a patriot. Thanks Matt.

    From the link:
    Much has been made in recent months of the government’s glaring failure to police Wall Street; to date, federal and state prosecutors have yet to put a single senior Wall Street executive behind bars for any of the many well-documented crimes related to the financial crisis. Indeed, Flynn’s accusations dovetail with a recent series of damaging critiques of the SEC made by reporters, watchdog groups and members of Congress, all of which seem to indicate that top federal regulators spend more time lunching, schmoozing and job-interviewing with Wall Street crooks than they do catching them. As one former SEC staffer describes it, the agency is now filled with so many Wall Street hotshots from oft-investigated banks that it has been “infected with the Goldman mindset from within.”

    Yeah...I think it's only just that we cut medicaid, programs for disabled Americans and raise the retirement age. And for Santa's sake, don't raise taxes on the mega rich! That would be a disaster!
     
    Last edited: Aug 18, 2011
  5. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    We need more threads about black kids mugging white people!


    [​IMG]
     
    Last edited: Aug 18, 2011
  6. Mrs.PatsFanInVa

    Mrs.PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    #24 Jersey

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  7. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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  8. The Brandon Five

    The Brandon Five Experienced Starter w/First Big Contract

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    #75 Jersey

    You likely wouldn't need to raise taxes if you just took back all the money the Goldman/Lehman/Bear Stearns/Morgan Stanley/JPMorgan-Chase crew pilfered.

    Inside Job - Movie Website for the Documentary Film
     
  9. chicowalker

    chicowalker Pro Bowl Player

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    The bs behind the "too big to fail" arguments is seen very clearly without even any digging: how many of these or other large companies in financial services (or other industries where that argument was made, if there were any) were broken up?

    AIG has been split into at least a few parts, but I don't know how big each is.

    But if these companies had to be saved for the sake of the system, shouldn't the immediate next step have been to force them to either sell or spin off parts into smaller, independent entities -- also for the sake of the system?
     
  10. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    I wonder about members who insist upon using any & every thread to make political points about the "other side"....I truly do.

    Here I've posted a totally non-partisan topic and see more than one post pointing fingers and posting...of all things...comments about race.

    Let's keep it on topic as there are many more appropriate threads to post these comments in. This one is about the SEC's failure...nothing else.
     
    Last edited: Aug 18, 2011
  11. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Great points Chico...I agree it's about time our gov't take a long look at what happened 3 years ago and what they've done to prevent it from ever happening again.

    I really hope the AMerican people will never again accept a public bailout of a private company and there are some I'd actually love to see fail.
     
  12. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    I'm a Patriot...and tonight, we're all Patriots!

    Wouldn't you like to be a Patriot too?;)
     
  13. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    Really, PR?
    Seriously?
    You think that was a comment about race?
    Can you not see images inserted into posts for some reason?

    The point was...oh, never mind!:(
     
  14. Real World

    Real World Moderator Staff Member

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    And more about Michele Bachmans toes.
     
  15. mcgraw_wv

    mcgraw_wv In the Starting Line-Up

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    Woot! Impressed!

    Government Regulation, is a slick way to grow government, reduce competition and protect the large corporations who can afford to pay the regulation.

    And no government agency does a good, efficient job of the task they were created for, they are only reactionary agencies from what journalism finds or insiders leak...
     
  16. PatsFanInVa

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    So there are three possibilities here:

    1) What we need is zero regulation of any corporate malfeasance anywhere. That makes a smaller government and nice fat corporations (I'm sorry, I know I'm supposed to call corporations "people" or "job creators...)
    Something like this is what preceded the crisis in 08.

    2) What we need is more effective and more serious government regulation, which more strictly controls the bad things that happen among corporate interests. But this is gainsaid by the sweeping generalization that "no government agency does a good, efficient job of the task they were created for."

    3) Since no government agency ever does anything well, we change our governance structure to government by the corporations, of the citizenry. This seems to be the course we have chosen. (But it's okay, because corporations are "people" and "job creators."

    There are things the public sphere does well, and things the private sphere does well. Any given entity in the private sector, however, has zero public interest. And it's not like you can take your business to another government.

    So yes, you get some efficiency and some inefficiency. What's fedex charge for a letter? USPS? Both niches are disappearing, so USPS dies first, because it's got a limited business model -- moving a piece of paper really cheaply. But compare them on the merits: the general maggotry got a letter from point A to point B for decades for a fraction of a buck. Nobody else could do that.

    Stupid bumper-sticker thought is of no use to us. Considered analysis is of some use.

    Let's look at what happened when we considered financial reform:

    1) The bill created a $50B mutual insurance fund among large banks. If one failed, the others (through their premiums) had to insure that bank. Not the taxpayers -- the other large banks.

    2) The bill was immediately attacked by the republicans as "making bailouts permanent."

    3) internet idiots immediately mimicked the corporate party line -- under the guise of "antigovernment" and "libertarian" thought.

    If we want to figure this crap out, the first thing to do is stop with the bumper sticker thought.

    We've been playing with fire lately with this crap -- witness our current bizarre self-inflicted market volatility.

    Insanity is not a virtue. Willingness to question the establishment's definition of "sanity" needs to be matched by willingness to figure out the alternative.

    "Any government agency does what it does badly because I say so" doesn't quite rise to that level -- particularly given the evidence from 08 of what we can expect from a deregulatory trajectory.

    PFnV
     
  17. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey



    Word is you are a covert Jet ...


    That is the infamous Dr. Frank Moga btw ... a MD ... not a DMD.

    [​IMG]
     
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  18. mcgraw_wv

    mcgraw_wv In the Starting Line-Up

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    Or, the people stop relying on government regulators to protect them, and the people start relying on themselves, and invest in companies who act inline with their beliefs. You stop doing business, and buying products from companies who kill people, pollute the earth, or rob your friend.... And return a significant amount of money back to the taxpayers in savings.

    Or

    We can set up government agencies at huge costs paying for some of he most expensive office space in the country, pay some of the highest salaries int he country, fill its ranks with industry insiders, have them play phone tag with their industry masters crafting regulation to keep out the little guy, protecting the big guys, and ensure everyone is playing ball. Forcing out the regulators who are trying to do a good job.


    ----

    Honest Regulation is a farse... There is TOO MUCH incentive and motivation to expect someone to not bend to favor with industry when they can buy them out in a heart beat.

    Oh and now we need regulators watching the regulators which is another office, and salaries, but those people also come from industry and will be bribed to turn an eye...

    All this cost and waste, all so the public feels like safe becuase the government is watching out for their best interests... When the reality is the government agency allows everything bad to happen, and puts on a show when something leaks and comes to light as a play to the public that your dear friend government is here to watch out and clean up the problem.
     
  19. chicowalker

    chicowalker Pro Bowl Player

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    mcgraw, you continue to overestimate the amount of information people have as well as their resources to pursue any meaningful actions against large corporations.

    While government agencies are far from perfect, an answer which is "get rid of them" has much more serious flaws.
     
  20. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    OOooo!
    What about them?
    Don't tease us, man!
     

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