Quote:
Originally Posted by OP_Carl
I may be a conservative but I'm not an anarchist! Free markets require regulation, anti-trust, and monopoly laws.
The de-regulation of the banks and commodities firms by the Bush Administration are directly responsible for this mess. Putting Henry Paulson, former CEO of Goldman-Sachs (one of the two remaining large investment banks, what a coincidence! ) in as Treasury Secretary was like handing an axe to the fox guarding the chickens.
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Actually the dereg trend started way back in the Carter admin. and picked up a lot of steam with Regan.
But that does not matter....the Pres Demo or Rep. is not "directly responsible" for this. You have to lay the blame on the Fed. they are the regulators!!! Go all the way back to Greenspan and the .com bubble that he did not allow us to go into recession over, the almost free easy money and loose credit markets. Home ownership of 70+%, when the actual taget rate, per JP Morgan Chase/and Freddie Mac economists should be no more than 65% and maybe less.
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