LawTalkers - Know new taxes!

I am not familiar enough with their pronouncements to know, but did a single one of them say this in 1999? I am fairly confident the answer is no, but, as I said, I don't know.

To my recollection no one was calling it a bubble until roughly 2005, at which point that was pretty obvious.

But who said there wasn't a bubble? Of course their was. But that does not mean that the bubble was caused by fraud or malicious actions (nor does it mean that is wasn't.)

Bush mostly tried de-reg, like Clinton. But he did try to slow down Freddie and Fannie by limiting the size of the books and other things. Say bullshit if you like, but you are wrong.

GS was heavily exposed to LTCM. They had a lot of bad trades in 1998, and LTCM going bust could have put them under. Say bullshit if you like. But do some research before you do. Again, you are wrong.

I am in favor of politicians that believe in fiscal discipline, and understand that markets are only efficient if they are regulated. Otherwise the markets shift from a prize fight to a street brawl.

Tyrone Slothrop

12-22-2008 10:20 PM

Re: Bush: How Did We Get Here?

Quote:

Originally Posted by bling trade (Post 375245)

Clinton/Phil Gramm's repeal of glass steagal

Gramm slipped that into a bill in December, 2000. I don't think you can blame Clinton for that.

Penske_Account

12-22-2008 10:24 PM

Re: Bush: How Did We Get Here?

Quote:

Originally Posted by Tyrone Slothrop (Post 375262)

Gramm slipped that into a bill in December, 2000. I don't think you can blame Clinton for that.

Who signed? President Gore?

bling trade

12-22-2008 10:27 PM

Re: Bush: How Did We Get Here?

Quote:

Originally Posted by Tyrone Slothrop (Post 375262)

Gramm slipped that into a bill in December, 2000. I don't think you can blame Clinton for that.

Not true, read PBS' time line. http://www.pbs.org/wgbh/pages/frontl...ll/demise.html

you can find more detailed coverage. The end, of course, is Rubin accepting a job at Citi just days after the Clinton administration agreed to support repeal of Glass Steagal.

Atticus Grinch

12-22-2008 10:52 PM

Re: Bush: How Did We Get Here?

Quote:

Originally Posted by Penske_Account (Post 375263)

Who signed? President Gore?

Is it a new rule that legislative policy is now the responsibility of the president who didn't veto it? Unitary executive, indeed.

Next up: statutory drafting errors are the fault of judges who didn't declare the law unconstitutional. Activist judges.

Hank Chinaski

12-22-2008 10:56 PM

Re: Bush: How Did We Get Here?

Quote:

Originally Posted by Atticus Grinch (Post 375265)

Is it a new rule that legislative policy is now the responsibility of the president who didn't veto it? Unitary executive, indeed.

so the Iraq war is more hillary's that W's? can't agree.

cheval de frise

12-22-2008 11:03 PM

6'11''...around the hips

Quote:

Originally Posted by Hank Chinaski (Post 375247)

Hey Sarah, Detroit is a City, not a state.

Hey Hill, I'm pretty and talented too. I'll leave the "State" gig to you.

See you in eight years!

XOXOXO

SP

Atticus Grinch

12-22-2008 11:20 PM

Re: Bush: How Did We Get Here?

Quote:

Originally Posted by Hank Chinaski (Post 375266)

so the Iraq war is more hillary's that W's? can't agree.

Let us agree that when a president calls for a legislative act, s/he becomes at least as responsible for legislative error as a person who writes a letter to his/her congressperson? But that a person who exercises her vote is responsible for both the seen and unforeseen consequences? Before you answer, consider the composition of two branches, at least until the midterms.

Mmmm, Burger (C.J.)

12-22-2008 11:29 PM

Re: Bush: How Did We Get Here?

Quote:

Originally Posted by Penske_Account (Post 375263)

Who signed? President Gore?

Eric Holder.

Tyrone Slothrop

12-22-2008 11:31 PM

Re: Bush: How Did We Get Here?

Quote:

Originally Posted by bling trade (Post 375264)

I'm sorry -- you're absolutely right, and I was thinking of something else Gramm did.

Hank Chinaski

12-22-2008 11:41 PM

Re: Bush: How Did We Get Here?

Quote:

Originally Posted by Atticus Grinch (Post 375269)

....... s/he...... his/her .....her vote.

you're crippled.

sebastian_dangerfield

12-23-2008 12:35 AM

Re: caption, please

Quote:

Originally Posted by Atticus Grinch (Post 375158)

The official presidential portrait of George W. Bush is removed by White House curators when it is discovered that he had forgotten to wear a tie.

I know it's bad form to post nothing of substance but, Thank You.

Atticus Grinch

12-23-2008 04:14 AM

Re: Know new taxes!

What better way to say farewell to Karl Rove than with the gift that keeps on giving -- his very own Vince Foster conspiracy?

Adder

12-23-2008 07:02 AM

Re: Bush: How Did We Get Here?

Quote:

Originally Posted by bling trade (Post 375258)

But he did try to slow down Freddie and Fannie by limiting the size of the books and other things. Say bullshit if you like, but you are wrong.

The bullshit is (1) that the limits on Freddie and Fannie that Bush and company sought would have made any difference, and (2) that those limits were motivated by concerns about financial stability rather than a preference for their Wall Street competitors (who as it turns out are almost as government sponsored as the GSEs).

Adder

12-23-2008 07:03 AM

Re: Bush: How Did We Get Here?

Quote:

Originally Posted by Tyrone Slothrop (Post 375262)

Gramm slipped that into a bill in December, 2000. I don't think you can blame Clinton for that.

Gramm didn't "slip" it into anything, and yes, he can blame Clinton for that.

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