Unpresidented
Rookie
- Dec 22, 2016
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Tipsy is right about Obama being a weak president. It's why we're seeing the problems we are.No wonder they call you stupid fuck.
Obama will go down as being the worst president in history. I can promise you that.
W's 1st term - Enron, MCI WorldCom, TYCO, etc, 9/11 happened because he ignored intelligence, then the WMD lie.
W's 2nd term - Occupied Iraq and his de-regulation led to the banks/housing crisis. He left the next guy with a full blown recession and the country on the brink of economic collapse.
I think W has the "worst president in history" title locked up until Trump takes it from him...
W's 1st term - Enron, MCI WorldCom
Yeah, those scandals that unfolded under Clinton were awful.
and his de-regulation led to the banks/housing crisis.
Deregulation? Sounds terrible!!!
When did he do that? Which legislation? When did it pass? You have any specifics?
Yeah, those scandals that unfolded under Clinton were awful.
Enron went bankrupt in Nov 2001, MCI WorldCom re-org approved by bankruptcy court in 2003 and it's CEO/CFO's were indicted in fed court in '04 & '05. Tyco eventually survived but I (my job) didn't. It's re-org started in '03. Dennis Kozlowski is still serving time in a halfway house in NYC.
Deregulation? Sounds terrible!!!
When did he do that? Which legislation? When did it pass? You have any specifics?
2004 -
"Federal regulators in the Bush administration blocked attempts by state governments to prevent predatory lending practices that resulted in the financial crisis now stalking the American economy, a new study from the University of North Carolina says.
In 2004, the Office of the Currency Comptroller, an obscure regulatory agency tasked with ensuring the fiscal soundness of America's banks, invoked an 1863 law to give itself the power to override state laws against predatory lending. The OCC told states they could not enforce predatory-lending laws, and all banks would be subject only to less-strict federal laws."
Enron went bankrupt in Nov 2001,
You think they started their behavior after Bush was elected? Wow!
That's funny.
MCI WorldCom re-org approved by bankruptcy court in 2003 and it's CEO/CFO's were indicted in fed court in '04 & '05
See above.
Federal regulators in the Bush administration blocked attempts by state governments to prevent predatory lending practices that resulted in the financial crisis now stalking the American economy, a new study from the University of North Carolina says.
Thanks. So your claim about deregulation was a lie?
You think they started their behavior after Bush was elected?
Enron - no, of course not. Not entirely anyway. But I do think Bush's "big bidness" mantra and election bid/win emboldened them, and their Harry Potter accounting got drastically more aggressive at the end of 2000. Bush & Lay were undeniably very good friends.
MCI - The details and timelines for them is murkier and harder to decipher. Most of the incriminating evidence points to the misallocation starting around May of 2001, though.
Tyco - Yes, 100%
Thanks. So your claim about deregulation was a lie?
So blocking attempts to regulate banks is NOT deregulation? At best, I guess you're just resorting to semantics. At worst, you're just another classic example of a new age conservative that will argue Sandy Hook didn't happen and we didn't really go to the moon...
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