McCain: I’m glad I deregulated Wall Street.

jawnybnsc,

Attempting to convince the deafest of zealots is a waste of time. It's like watching Senator McCain disconnect from questions and slide into a comforting blanket of sophistry. It is a learning disorder derived of ideology.

Beyond Senator McCain's on-again off-again rants there is no one you can name who thinks more deregulation is of any merit. Why?

No one from Ron Paul to David Frum to George Will to Pat Buchanan still buys into the argument that deregulation ever worked to do more than create a nice parade of bubbles which have been popping for over a year, to the peril and dismay of millions.

To imagine just how colossally stupid deregulation really is - apply it to the military, because all organizations are based on hierarchy and all subordinate organizations in an industrial state require regulation to prevent excess predation. It is simple common sense to regulate and create order.

How would anyone on this page know "what new regulations are The Democrats proposing"? Can you cite all the legislation expected from Republicans? Of course not. Your question is lame.

Had you listened to the circumlocutions masked as testimony before congress, it wholeheartedly undermines your hilarious notion that how this all transpired is a deep mystery. What is now being spun is the cover-up of America's worst economic regulatory scandal. Otherwise kindly tell us why more than 17 criminal investigations have been launched - already - by the FBI?

Banking as I knew it always was a conservative enterprise. Commitment for all financial institutions to to honor Regulation, without dispute, kept the playing field as level as it could be. It made the industry wealthy and stable.

Regulation supported the most prudent practices and enshrined them as banking laws, this highlighted the importance of collateral-balancing, and maintenance of sufficient reserves at all times.. Loans to people without collateral - never. Flipping blank cheque loans and unsecured mortgages like pancakes - get serious.

Across the board deregulation, as it did with the Thrifts, as it did with Housing, and as it did with Wall Street, de-criminalized practices that could result in nothing more than inflated bubbles followed by bankruptcy. Ideology, nothing better-reasoned, wiped out a shared sense of proportion dating back centuries. Banking always was parsimonious - with McCain's help it became careless, reckless, then stupid.

Begging for evidence to convince yourself of what you refuse to concede? Lame. It merely targets you as ignorant and hostile of all that has transpired and highlights how very out of touch you persist in being.

DO your homework google FDR financial regulations.

How about regulations from the FDR page for starters
and from what I hear from Obama, is we are not just going to give them what they want, the Paulson plan needs a major over hall. This issue needs more time to
be disgust.

So if deregulation is the problem, what new regulations are the Democrats proposing to fix this? And where is our man Obama on this?

Somebody lay out the case. Somebody explain EXACTLY how deregulation caused the current crisis.

Deregulation for thirty years starting with Reagan and
right wing talk show host saying it over and over, have caused our financial meltdown. Production by the workers is way up and there wages are stagnant. Raise the minimum wage too 15.00 hr, put money in the hands of the public if you want too stimulate the economy and sustain the economy.

neither a democrat or a republican will get us out of this mess..unless they come to grips that the problem is the unbelievable national debt..we're done for

Lberals aren't that great McCain isn't lying when he says they are the cause of Freddie and Fannie, just that Obama was the cause of that.

I am independant and you should be too! Blind faith in liberals is easy now but foolish later.

Either way, McCain knows nothing about the economy it's taken him a week to sound like his speech was written for him smartly. Even when he sounds together, it's never him.

Did you all see that he has 13 cars.. 2 foreign. While Obama has one car that is a ford hybrid!!! Ha! They want to paint him as an elitist???? No sense!!

I like how he says "probably". Y'know, because he has absolutely no idea what he's talking about.

Well put rube, intelligence will prevail.

The difference between liberals and conservatives...
a liberal will call a crook a crook. a lier a lier!
Conservatives will go down with the ship before they admit there candidate in no good!

Im sick of saying it over the past few months but here it is again...
Those conservative hacks are doing it!

Socialize the debt and privatize the wealth!

Has anyone noticed- where are the conservatives
with their points of view regarding the current collapse? The hacks are in total denial!

A quick line item of difinitives over the past eight years...

The worst election fraud in history - the 2000 presidential election...

The first Major attack against America in the lower 48… (9/11) in history...

The first American attack against a sovereign country in history - Iraq, all based on subversion and duplicity...there were no WMDs!

The worst Federal handling of a catastrophic even in American History, Katrina...

The worst time period in American history for privatizing the federal institutions of war, education, prison, etc. They are still trying to get our social security and give it to the stock market!

The largest federal debt in American history...from great prosperity to collapse in just 8 years!

The worst collapse of our mortgage, banking and lending institutions in history...
I could go on all day...i get sick to my stomach!

Now what did Bubba do- he lied about a what!
Now what is Obama- inexperienced!
Its self serving zionist BS!

So what happens when you elect two GOP ex-oilmen to run our country?

And now some of the freaks want to give us McCain, a 95% GOP mirrored image of past failed policies and Palin, who is more to the right then Bush/Cheney an absolute dolt with no intelligence!

McCain and Palin represent more of that self- righteous right wing underachiever crap that Bush represents! jawnybnsc your photo is appropriate- you cant look people in the face!

All of which has absolutely NOTHING to do with the current financial crisis. In fact, it's the institutions with diverse portfolios (allowed by Gramm-Leach-Bliley) that are surviving this mess and are serving their investors and customers well. And by the way, would it not also be fair to tie Obama to deregulation because of his association with and endorsement by Jim Leach?