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Wednesday, April 28, 2010

Financial Regulation

The Republicans refuse to let Finanacial Regulation be debated, and have their own proposal.
You bet they do.

It was called Senator Phil Gramm, who in 1999 was the moving force to have a Republican Congress exempt the Derivative market - whose value is measure in United States Light-Year-Dollars, by the way (USLYD) - from any and all regulation.

The fox is looking for some more hen coops.

4 comments:

Unknown said...

Don't forget that Bill Clinton, who was more Republican than some of the Republicans in the Congress, signed off on the murder of Glass-Seagall and acquiesced in breakneck deregulation of finance, among other things.

Montag said...

Individuals do not matter when everyone is in agreement.

Everyone was in agreement... and we watched the stock market reports as if they were reports of Boomer rapture.

Individuals matter when the agreement breaks down, the system breaks down, and inequity makes for a terrible chiaroscura between wealth and poverty.
Look at Obama. He came in when individuals mattered again.

Phil Gramm is nothing but a ancient Greek mask for Tragedy and Comedy.

Unknown said...

Well, the age of individuals mattering again sure didn't last long.

Montag said...

I thought Individuals Mattering Again was one of the signs that the end of times had come. I know I read it somewhere.