
Originally Posted by
1SICKLEX
The government did NOTHING during the past decade. There was NO REGULATION. Its like they never passed Sarbanes Oxley. The numbers DID NOT ADD UP. Anyone who tried to warn dumbass Greenspan was told STFU.
Bush AND Obama should have let Capitalism take its course. Let those greedy, unethical banks and financial institutions fall. Those that were in better shape would take advantage and the people would win.
This too big to fail is utter bullcrap. They simply privatize gains and socialize losses to the American people.
These idiots tried to have bullshit computer models trick the system. YOU CANNOT TRICK THE ECONOMY. Did they really think the economy would rise every year? They tried to prevent the bubble from bursting with dumbass low interest rates.
They let it happen b/c the elected officials sleep with big business.