The Treasury officially confirms the $700b number was pulled out of their ass

[quote name='mykevermin']Yeah, because the 90's just sucked economically and otherwise.

I mean, button-fly jeans and "EMF" sucked, sure - but other than that (and Technotronic too) the 90's were fuckin' fan-tas-tic.[/QUOTE]

Not that I'm a member of the Heritage foundation, but the 80's were at least as fan-tas-tic, for most.
 
[quote name='RAMSTORIA']so because people are naive it excuses their responsibility for the mortgage crisis?[/QUOTE]

In a large part yes, their only sin was to follow the conventional wisdom.

Meanwhile those you are attempting an apologia for... At the highest level they let this crisis happen by getting rid of oversight and allowing the pile of shit to build up to this level and at the everyday level were merely violating every bit of common sense as well as rules you know governing how much can be leveraged and leaning on others to rank your crap AAA while kicking the shitpile down the road.
 
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[quote name='RAMSTORIA']so because people are naive it excuses their responsibility for the mortgage crisis?[/quote]

The average person does deserve a certain level of culpability. But, the people who KNEW what they were doing was not sustainable and wrong bear a far greater burden of the blame. I am speaking of the speculators and their cronies i.e. Greenspan and all these insane free market cheerleaders. Even Greenspan admitted to reporters that currency specualtors caused the Asian Economic Crisis of the 90s. And he STILL did not see a need to regulate that market! Free market ideology is falling apart just like any ideology should. Most people do not even comprehend the dogmas they vomit.

Want some facts that will enlighten? Start with Chomsky's Free Market Fantasies: Capitalism in the Real World.
http://www.chomsky.info/talks/19960413.htm
 
It's a 400 page bill now, and there's a part in there saying insurance companies have to provide for the mentally unstable. This bill is 1000 times worse than the previous bill, and this is the one that will pass.

They're throwing every little pet peeve some individuals want into this thing now. And guess what? It's going to pass, and we're all screwed. Just wait until January. Then we're REALLY screwed.
 
[quote name='KingBroly']It's a 400 page bill now, and there's a part in there saying insurance companies have to provide for the mentally unstable. This bill is 1000 times worse than the previous bill, and this is the one that will pass.

They're throwing every little pet peeve some individuals want into this thing now. And guess what? It's going to pass, and we're all screwed. Just wait until January. Then we're REALLY screwed.[/QUOTE]

Out of all the shit going on right now in this country and overseas what pisses you off is that crazy people may get access to healthcare?
 
I don't mind if crazy people get healthcare. It's all good to me. I just don't want these fat cats getting a bailout. If my buisness fails, no one hands me a golden parachute.
 
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