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The Financial Meltdown

Rob Tisinai

October 29th, 2012

A few weeks back I asked for help doing researching the financial meltdown that we’re all still suffering from. Many thanks for your replies, and I’ve now finished making a video about it. I won’t embed it here as it’s a bit off-topic but you can view it at this link. With the election coming up, this is a good time to remind ourselves just how just much folly a deregulated Wall Street can bring down on us.

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Mark F.
October 30th, 2012 | LINK

http://www.cato.org/pubs/policy_report/v31n4/cpr31n4-1.html

Yours is a common view that happens to be very wrong.

Robert
October 31st, 2012 | LINK

Mark F,

Yeah, like we all believe completely an organization that has Koch Brothers individuals at the helm. And who sells books called “The Cult of Obama”. Yeah, they sure seem unbiased and honest. LOL, seriously, a right wing site?? LOL, LOL, LOL…

Rob Tisinai
October 31st, 2012 | LINK

Mark, could you specify which part of your linked document contradicts which part of the video?

Jaime
October 31st, 2012 | LINK

Rob,

Thank you. Clear, concise, and comprehensible. Previously, I had only a vague inkling of the layers – but now can start to appreciate the true depth of the rabbit hole. Thanks for the “red pill”. The lack of criminal prosecution is galling and reprehensible. I appreciate your efforts and those of the members of BTB to help provide accessible explication; You are facilitating understanding, outrage, and hopefully calls for accountability and change.

Jaime

Jim Hlavac
November 2nd, 2012 | LINK

The idea that Wall Street is “unregulated” or “deregulated” or “laissez-faire” or not under the thumb of the SEC, the Dept of the Treasury, the IRS, and the Federal Prosecutor’s office in Manhattan is preposterous. What you may seek is even more regulation — or a rewording of the ever shifting regulations — or even a reining in of the requirements to lend money to people who can’t pay it back. You might well be against for for TARP or the Frank-Dodd Financial Services bill — but to say Wall Street is “deregulated” is, um, folly.

I do find, however, that while Rights for Gays are wonderful on gay stuff, when it comes to economics they and you are woefully under=informed. So, you are not alone, fear not.

Rob Tisinai
November 2nd, 2012 | LINK

Hi Jim. “Deregulation” refers to a rollback of regulation (which undoubtedly did happen), not an utter absence of regulation.

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