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View Diary: VIDEO from 1999: Byron Dorgan vs. Gramm Leach Bliley-- WOW (197 comments)

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  •  irrational exuberance (1+ / 0-)
    Recommended by:
    Blissing

    I think they probably were part of the way on the path to agreeing with some conservative thinking on finances.  

    Everything looks good when you're rolling in dough.

    If you can't stand up to Rush Limbaugh, how can you stand up to The Axis Of EEEEEEEEvil?

    by otto on Wed Apr 08, 2009 at 08:06:16 AM PDT

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    •  "Some conservative thinking"? (1+ / 0-)
      Recommended by:
      otto

      you mean they bought into it hook, line and sinker.

      and now we're SUNK.

      "AIG: A bottomless pit masquerading as an insurance company". The Economist.

      by Superpole on Wed Apr 08, 2009 at 08:10:46 AM PDT

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      •  I don't believe we're sunk (1+ / 0-)
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        Betty Pinson

        As much as the term "disaster capitalism" gets tossed around here in a negative tone, I'm hoping that it works out for us in a positive way.  I think that without a big failure like we've had, we would have continued with the insanity of continuous deregulation of everything.  So, in short, I'm hoping that these failures are a catalyst for the right moves.  Now that the general public understands the failure of a lack of regulation, politicians will have spine enough to follow through with regulation.

        If you can't stand up to Rush Limbaugh, how can you stand up to The Axis Of EEEEEEEEvil?

        by otto on Wed Apr 08, 2009 at 08:15:30 AM PDT

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        •  Hasn't happened yet (0+ / 0-)

          in DC, that is.  Thus far there hasn't been much action to reform the system and learn from past mistakes - just pumping of more government funds into a failed system.

          The public knows the correct course of action, but our leaders in DC are not responding yet.

          A conservative is a man with two perfectly good legs who, however, has never learned how to walk forward. FDR

          by Betty Pinson on Wed Apr 08, 2009 at 08:50:44 AM PDT

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