And it will only get worse in 2011. Think they will restore the “temporary” decrease in FICA taxes? NOT. The party of “N0-NEVER-NOT NOW” is back to do the bidding of the rich and powerful. Enjoy Christmas all.
The real issue was not sleeping, but under the Cheney/Bush administration, as “government” DID grow, like at Homeland Security- actual enforcers of regulations were reduced in number or totally done away with. This opened many gates for corporations to rush and hand rustle the federal cattle, as all the guards were gone.
SEC failed, miserably. They even had a warning about Maddoff, for goodness sake. And they exacted a slap of a pinkie on Goldman Sachs for their misdeeds. GS fine was about one hour’s worth of profit.
the Regulatory system has NOT been “dismantled by the GOP”…..Congress writes all the laws and all the rules…and congress is made up of both Democrat members with the GOP members, and since 2004 the Dems were in charge of the Senate and since 2006 the Dems were in charge of the House.
Dems ruled 6 years and have more power to “oversee” government ops than any Oval Office occupant, IMO.
so IMO it is False and Skewed thinking to put the blame on the GOP for lack of oversight or changes in rules. It was definitely the congressional Dems (led by Dodd and Frank) that protected Fannie and Freddie from Bush reform plans! See what we got by letting the Dems protect the real cause of the real estate bubble and burst…!
The SEC has been stripped of oversight powers. They have been given to a new agency and 3 new sheriffs are now in town. Word has it that they are responsible for forcing the SEC to sue Goldman. All the shorts at SEC went brown in the process.
Barney Frank resisted pressure from Bush to stop ‘experimenting’ with Fannie Mae. Then the mortgage failures went wild.
Crabbyrino Premium Member over 13 years ago
And it will only get worse in 2011. Think they will restore the “temporary” decrease in FICA taxes? NOT. The party of “N0-NEVER-NOT NOW” is back to do the bidding of the rich and powerful. Enjoy Christmas all.
CorosiveFrog Premium Member over 13 years ago
Sooky Rottweiler says; Let sleeping politicians lie. They are less trouble that way.
(You heard it from the dog!)
Motivemagus over 13 years ago
^They already DO lie, that’s the problem…and you can use either definition!
Dtroutma over 13 years ago
The real issue was not sleeping, but under the Cheney/Bush administration, as “government” DID grow, like at Homeland Security- actual enforcers of regulations were reduced in number or totally done away with. This opened many gates for corporations to rush and hand rustle the federal cattle, as all the guards were gone.
believecommonsense over 13 years ago
SEC failed, miserably. They even had a warning about Maddoff, for goodness sake. And they exacted a slap of a pinkie on Goldman Sachs for their misdeeds. GS fine was about one hour’s worth of profit.
disgustedtaxpayer over 13 years ago
the Regulatory system has NOT been “dismantled by the GOP”…..Congress writes all the laws and all the rules…and congress is made up of both Democrat members with the GOP members, and since 2004 the Dems were in charge of the Senate and since 2006 the Dems were in charge of the House.
Dems ruled 6 years and have more power to “oversee” government ops than any Oval Office occupant, IMO.
so IMO it is False and Skewed thinking to put the blame on the GOP for lack of oversight or changes in rules. It was definitely the congressional Dems (led by Dodd and Frank) that protected Fannie and Freddie from Bush reform plans! See what we got by letting the Dems protect the real cause of the real estate bubble and burst…!
rockngolfer over 13 years ago
^ Democrats needed 60 votes or the big bad Rs would filibuster. Nothing could get passed, remember?
Fuzzy Thinker Premium Member over 13 years ago
The SEC has been stripped of oversight powers. They have been given to a new agency and 3 new sheriffs are now in town. Word has it that they are responsible for forcing the SEC to sue Goldman. All the shorts at SEC went brown in the process. Barney Frank resisted pressure from Bush to stop ‘experimenting’ with Fannie Mae. Then the mortgage failures went wild.