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Conspiracies & Cover-ups
The implosion is accelerating; prepare while you can
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<blockquote data-quote="Harte" data-source="post: 33808" data-attributes="member: 443"><p><strong>Re: The implosion is accelerating; prepare while you can</strong></p><p></p><p>All,</p><p> </p><p>There is as much a case to be made against more regulations as there is for them.</p><p> </p><p>Fact is, for those that want Clinton back, the "bad credit risk" loans that are part of the current financial implosion were enabled by regulations implemented by the Clinton administration.</p><p> </p><p>This is not to point fingers though. Most federal regulations have wide and unanticipated consequences, and the consequences often accomplish precisely the opposite of what was originally intended.</p><p> </p><p>I have to say here that the government bailouts of the various institutions, and the RTC-like bailout of the housing industry, are necessary because most of the problems originally stem from government intervention in trying to get financing to people "on the bubble," those that couldn't get a mortgage before and that therefore were left out of the "American Dream."</p><p> </p><p>I agree with the bailouts, though, because without government intervention in the past, government intervention wouldn't be needed in the present.</p><p> </p><p>Otherwise, I'd say let these companies suffer and die.</p><p> </p><p>The freemarket approach, IOW.</p><p> </p><p>Harte</p></blockquote><p></p>
[QUOTE="Harte, post: 33808, member: 443"] [b]Re: The implosion is accelerating; prepare while you can[/b] All, There is as much a case to be made against more regulations as there is for them. Fact is, for those that want Clinton back, the "bad credit risk" loans that are part of the current financial implosion were enabled by regulations implemented by the Clinton administration. This is not to point fingers though. Most federal regulations have wide and unanticipated consequences, and the consequences often accomplish precisely the opposite of what was originally intended. I have to say here that the government bailouts of the various institutions, and the RTC-like bailout of the housing industry, are necessary because most of the problems originally stem from government intervention in trying to get financing to people "on the bubble," those that couldn't get a mortgage before and that therefore were left out of the "American Dream." I agree with the bailouts, though, because without government intervention in the past, government intervention wouldn't be needed in the present. Otherwise, I'd say let these companies suffer and die. The freemarket approach, IOW. Harte [/QUOTE]
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The implosion is accelerating; prepare while you can
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