Why did the BUSH SEC hold back the broker rules?

[Truthmatters]

That is why the right CHEATED so hard to get Bush elected in 2000

 

[TNHarley]

But back to the point of you asking me this. It should have never been signed and voted into law to begin with. Citigroup, dems and repubs fucked this country up, with the help of Carter and Fannie Mae

 

[Truthmatters]

It would have WORKED if the Bush admin had not held back the Broker rules.

They only implimented the parts the Banks liked

 

[Truthmatters]

You see a person cant be blamed for the failing of an idea if only a part of the idea is used

 

[Truthmatters]

glad you now see the light harley

 

[Truthmatters]

Now can anyone tell me a differing reason that makes sense as to WHY this part of the law was NOT implimented?

 

[Truthmatters]

It was a republican gift to the banks and a fuck you to the American people

 

[saveliberty]

It was a republican gift to the banks and a fuck you to the American people

It pales in size and effect to $85 billion per month in QE, given to banks by Obama.

 

[TNHarley]

There was nothing good about the act. They said our banks couldnt compete with market or some shit. The economy should nto be based on the 30's blah blah. All thsi fuckin thing was, was a bailout law for banks.
It also look slike there was some strategic disagreements from both sides of the isle for delays. I dont know the full extent of the delays, nor do I know who the disagreements were from.. I figure it was to point fingers for electoral votes for re-election in 04 so I am going to blame the right.
Again, back to the point of this question.. it is STILL irrelevant. The holdup did not cause the economy collapse. It was the act itself, carter, repubs, dems, clinton, rubin, fannie mae and the banks

 

[TNHarley]

Pork sucks

 

[Truthmatters]

It was a republican gift to the banks and a fuck you to the American people

It pales in size and effect to $85 billion per month in QE, given to banks by Obama.

go get facts to prove your claim so I can discuss it wtih you.

I NEVER just take a cons word on anything

 

[healthmyths]

It was a republican gift to the banks and a fuck you to the American people

Right!!!
Of Course YOU don't remember ANY of these events do you???
Why the f...k can't you guys be at least honest if you can't be smart? THESE events cost $8 trillion. almost 1 million jobs! And reduced Federal/state/local tax collections from income, assets and property taxes nearly $150 billion a year! But idiots like you have NO concept of how all these pieces were affected!
SO another crash course in WHAT HAPPENED from 2000 to 2008!!!

GWB will be considered by historians as one of the greatest Presidents who in spite of the following huge gigantic cataclysmic events larger and greater in number then ANY president had to face!

NO president had ever faced the following:

1) Dot.com bust cost $5 trillion in lost market value.. this means every year for 30 years now starting in 2000 the federal revenue is over $66 billion written off against taxes owed.
How many people LOST jobs due to the bust??
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
The dot-com bubble: How to lose $5 trillion ? Anderson Cooper 360 - CNN.com Blogs

2) Did YOU forget that 9/11 occurred and it cost $2 trillion over the next 30 years again $33 billion will NOT BE PAiD.. was that Bush's fault?
Jobs lost in New York owing to the attacks: 146,100 JUST in New York!!
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone.
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
The Top 10 Financial Events of the Decade

3) $1 trillion in written off losses due to the WORST Hurricane SEASONS in history!
The worst Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. Andrew slammed into South Florida in 1992 as a Category 5. It caused 40 deaths and $30 billion in property damage. More than 250,000 people were left homeless and 82,000 businesses were destroyed or damaged.
Hurricane Katrina ALONE! Year 2005: Hurricanes Katrina and Rita
On August 25, 2005, Hurricane Katrina hit the Gulf Coast of the U.S. as a strong Category 3 or low Category 4 storm. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Hurricane Rita quickly followed Katrina only to make matters worse. Between the two, more than $200 billion in damage was done. 400,000 jobs were lost and 275,000 homes were destroyed. Many of the jobs and homes were never to be recovered. Hundreds of thousands of people were displaced and over 1,000 were killed and more are missing. The effect on oil and gasoline prices was long-lasting.

400,000 jobs due to Hurricanes Katrina/Rita
145,000 jobs in NYC alone due to 9/11
300,000 jobs lost due to dot.com busts.

Almost 1 million jobs alone from those 3 events

4) Economic terrorist attack 9/18/2008 or how the world almost came to the end at 2pm on 9/18/2008!!!
Evidently the MAJORITY IF IDIOTS like YOU ,NEVER knew how close to entire collapse the ENTIRE world's economy was on 9/18/2008 when an economic terrorist attack occurred-- lead in part by George Soros!!!

On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury ...estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.
Zero Hedge: How The World Almost Came To An End At 2PM On September 18

Again all this happened and at the same time the MSM was bashing Bush DAILY!

Well, our job is to bash the president, that's what we do." --
Evan Thomas responding to a question on whether the media's unfair to Bush on the TV talk show Inside Washington,
February 2, 2007.Newsweek's Evan Thomas: 'Our Job Is To Bash the President' | NewsBusters

So once again PLEASE REFUTE that these events Occurred! Show me where NONE of those financial losses didn't occur!
Tell me nearly 1 million jobs were lost due to those first 3 events!
Tell me the dot.com bubble started in Clinton era DIDN"T BUST starting at the end of 2000 and the $5 trillion in market losses AREN'T being written off today!
Hell... Obama takes $100,000 a year in capital losses reducing his tax payments to the lowest of any president at 26%!

TELL ME those events DIDN"T happen!!! I want to wake up from the nightmare then!!!

 

[Truthmatters]

It was a republican gift to the banks and a fuck you to the American people

It pales in size and effect to $85 billion per month in QE, given to banks by Obama.

Does America's economy need more quantitative easing? | The Economist


After adding over 200,000 jobs per month in the three months to April, employers brought on just 54,000 new workers in May, and the unemployment rate ticked up to 9.1%. Some economists think the Fed should continue with its quantitative easing programme until recovery looks more assured. But others worry that the Fed's bold actions risk rapid inflation or the creation of new bubbles.








Jun 7th 2011


your fears did not materialize now did they.

That fact is its working

 

[Dot Com]

It was a republican gift to the banks and a fuck you to the American people

It pales in size and effect to $85 billion per month in QE, given to banks by Obama.

Good deflection ..... NOT!!!

 

[Truthmatters]

It was a republican gift to the banks and a fuck you to the American people

Right!!!
Of Course YOU don't remember ANY of these events do you???
Why the f...k can't you guys be at least honest if you can't be smart? THESE events cost $8 trillion. almost 1 million jobs! And reduced Federal/state/local tax collections from income, assets and property taxes nearly $150 billion a year! But idiots like you have NO concept of how all these pieces were affected!
SO another crash course in WHAT HAPPENED from 2000 to 2008!!!

GWB will be considered by historians as one of the greatest Presidents who in spite of the following huge gigantic cataclysmic events larger and greater in number then ANY president had to face!

NO president had ever faced the following:

1) Dot.com bust cost $5 trillion in lost market value.. this means every year for 30 years now starting in 2000 the federal revenue is over $66 billion written off against taxes owed.
How many people LOST jobs due to the bust??
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
The dot-com bubble: How to lose $5 trillion ? Anderson Cooper 360 - CNN.com Blogs

2) Did YOU forget that 9/11 occurred and it cost $2 trillion over the next 30 years again $33 billion will NOT BE PAiD.. was that Bush's fault?
Jobs lost in New York owing to the attacks: 146,100 JUST in New York!!
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone.
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
The Top 10 Financial Events of the Decade

3) $1 trillion in written off losses due to the WORST Hurricane SEASONS in history!
The worst Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. Andrew slammed into South Florida in 1992 as a Category 5. It caused 40 deaths and $30 billion in property damage. More than 250,000 people were left homeless and 82,000 businesses were destroyed or damaged.
Hurricane Katrina ALONE! Year 2005: Hurricanes Katrina and Rita
On August 25, 2005, Hurricane Katrina hit the Gulf Coast of the U.S. as a strong Category 3 or low Category 4 storm. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Hurricane Rita quickly followed Katrina only to make matters worse. Between the two, more than $200 billion in damage was done. 400,000 jobs were lost and 275,000 homes were destroyed. Many of the jobs and homes were never to be recovered. Hundreds of thousands of people were displaced and over 1,000 were killed and more are missing. The effect on oil and gasoline prices was long-lasting.

400,000 jobs due to Hurricanes Katrina/Rita
145,000 jobs in NYC alone due to 9/11
300,000 jobs lost due to dot.com busts.

Almost 1 million jobs alone from those 3 events

4) Economic terrorist attack 9/18/2008 or how the world almost came to the end at 2pm on 9/18/2008!!!
Evidently the MAJORITY IF IDIOTS like YOU ,NEVER knew how close to entire collapse the ENTIRE world's economy was on 9/18/2008 when an economic terrorist attack occurred-- lead in part by George Soros!!!

On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury ...estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.
Zero Hedge: How The World Almost Came To An End At 2PM On September 18

Again all this happened and at the same time the MSM was bashing Bush DAILY!

Well, our job is to bash the president, that's what we do." --
Evan Thomas responding to a question on whether the media's unfair to Bush on the TV talk show Inside Washington,
February 2, 2007.Newsweek's Evan Thomas: 'Our Job Is To Bash the President' | NewsBusters

So once again PLEASE REFUTE that these events Occurred! Show me where NONE of those financial losses didn't occur!
Tell me nearly 1 million jobs were lost due to those first 3 events!
Tell me the dot.com bubble started in Clinton era DIDN"T BUST starting at the end of 2000 and the $5 trillion in market losses AREN'T being written off today!
Hell... Obama takes $100,000 a year in capital losses reducing his tax payments to the lowest of any president at 26%!

TELL ME those events DIDN"T happen!!! I want to wake up from the nightmare then!!!

stopped reading your insane ramblings at that point

 

[saveliberty]

It was a republican gift to the banks and a fuck you to the American people

It pales in size and effect to $85 billion per month in QE, given to banks by Obama.

Good deflection ..... NOT!!!

Its a comparision. One that Obama will own forever. Do you have any idea what effect QE will have in the long term?

 

[Truthmatters]

It pales in size and effect to $85 billion per month in QE, given to banks by Obama.

Good deflection ..... NOT!!!

Its a comparision. One that Obama will own forever. Do you have any idea what effect QE willhave in the long term?

Do you realize it worked?

No , even though all your fears never materialized

 

[TNHarley]

TM can you answer my question about abortion now?

 

[saveliberty]

QE is still going on. It is not working for anyone but Wall Street and banks.

 

[Truthmatters]

that is not true