24 Responses to “10 Year Anniversary: Who Warned Us About Deregulating Banks?”

1. QWERTY34990 Says:
   February 24th, 2012 at 5:57 am

   @organboi I’m not so sure, his jaket doesn’t match his shirt

2. organboi Says:
   February 24th, 2012 at 6:06 am

   The Glass Stiegel repeal was the beginning of the end. I think the chance of its return is already gone. Nobody paid attention to those calling for it’s reinstatement.

3. organboi Says:
   February 24th, 2012 at 6:11 am

   Imagine if this guy were president. I LOVE him. He’s so smart and totally appealing.

4. JoshWMyers Says:
   February 24th, 2012 at 7:07 am

   I just saw a video of a girl with big boobs attempting to play guitar and failing at it. It affects no one, and it had 2+ million views. This video only has 16,732 views right now, and the content of it speaks to issues that will affect hundreds of millions for decades. It makes me sad for humanity.  We are doomed.

5. jvoldal Says:
   February 24th, 2012 at 7:45 am

   Bill Moyers is now taking up this issue, hopefully bringing a national spotlight to it.

   Hats off to Young Turks for covering it first.

6. bigcheesy95 Says:
   February 24th, 2012 at 7:45 am

   “Permit me to issue and control the money of the nation and I care not who makes its laws.” — Mayer Amsched Rothchild
   “Nobody seems to notice, nobody seems to care….” — George carlin

7. przem23 Says:
   February 24th, 2012 at 8:18 am

   4:22 Oh hahahaho, this is gonna be great,..we’re gonna make so much money from this

8. Adnihilo Says:
   February 24th, 2012 at 9:18 am

   @tryptala Were not talking about average consumers leaving there relatively small deposits in banks. It’s about the risk taking and gambling going on in the financial industry from fraudulent activities of huge investors like hedge fund managers that were allowed by 2 acts of deregulation.

9. Adnihilo Says:
   February 24th, 2012 at 9:18 am

   @tryptala Listen up, I could debate your logical fallacies above here, but not in this forum for pithy comments not allowing detailed explanations. Letting banks merge with investment houses and insurance companies is exactly what allowed them to become ‘to big too fail’..

10. Adnihilo Says:
    February 24th, 2012 at 9:28 am

    @tryptala What’s with all the weak analogies? Talk about this issues, rather than speaking in metaphors..

11. Adnihilo Says:
    February 24th, 2012 at 9:55 am

    @tryptala Too bad you merely ignore the facts, logical constructs and rational conclusions I provided in debating a Paulite like yourself. Making weak analogies attacking the ‘forum’ itself doesn’t support any of your arguments here..

12. Adnihilo Says:
    February 24th, 2012 at 10:11 am

    @tryptala It’s the comments I was talking about in the Alternet article where I was debating a ‘libertarian right’ commenter like yourself about derivatives, deregulation and the 2008 crash. Like I’ve said you need to go to a ‘normal’ forum because this is just for short pithy comments where nothing can be discussed in detail.

13. Adnihilo Says:
    February 24th, 2012 at 10:29 am

    @tryptala So what. He’s not telling people to go out and vote for him. Please enlighten us all as to how Ron Paul’s republican economic right agenda differs significantly from any other republican economic right agenda, besides being even more to the economic right than your average run of the mill republicans..

14. Adnihilo Says:
    February 24th, 2012 at 11:00 am

    @tryptala You posted your false or weak analogy in ‘fire’ after I made that above post you’re responding to. Besides, the ‘fire’ that created the situation causing the economic crash was the elimination or deregulation of the entire banking industry from 2 deregulation acts in 1999 and 2000.

15. Adnihilo Says:
    February 24th, 2012 at 11:40 am

    @tryptala Deregulation of both derivatives making them legal and of the banks allowing them to merge with insurance companies and investment houses directly led to economic crash of 2008. You need to go to a ‘normal’ forum if you want to discuss this at length..

16. tryptala Says:
    February 24th, 2012 at 11:47 am

    @Adnihilo The simple argument against your contention that deregulation caused the crisis, is yes, deregulation caused the crisis. That’s what happens when you make a radical change. Unbridled forces exploit the new territory and go wild, and then they collapse, and out of the collapse, the functioning entities survive. Deregulation did not create “too big to fail.” Government did. Deregulation should have created “too big AND fail,” but government prevented failing. It created an unreal world.

17. tryptala Says:
    February 24th, 2012 at 12:11 pm

    @Adnihilo In other words, the economy is a total mess and you’re not going to solve the problem by cleaning up the mess. If there’s a solution, it’s in revamping the system, from the ground up. That’s why you start with monetary policy, and not only monetary policy, but money itself. You start with constructing a definition of money.

18. tryptala Says:
    February 24th, 2012 at 12:45 pm

    @Adnihilo The present economy is a cultural construction full of lots of little funny structures and then arguing within it becomes this billiard ball game where the balls are bouncing off these structures and ricocheting and hitting the opponents balls and it’s all this game on this tabled defined by the placement of these little structures. A better battle is to stay on your home turf and shell each other with the heavy artillery disrespective of the little cultural structures.

19. tryptala Says:
    February 24th, 2012 at 1:28 pm

    @Adnihilo Then I went and skimmed through the comments section. It was too mentally agonizing to suffer it too closely. It reminds me of watching theists and atheists battling it out. The think they’ve hinged on the primary question, but in reality they’re both in this little room created by the culture they’ve been raised in. Is there a God? Yes, of course. I can see Him right there in their arguments. They’re batting Him back and forth in their every prescribed argument. The keep Him existing.

20. tryptala Says:
    February 24th, 2012 at 2:24 pm

    @Adnihilo So I went and suffered the headache of reading through that article. Of course, we’re drowning in corporate propaganda. Who’s arguing against that? Certainly not Ron Paul. Of course, they’re using that propaganda to further their Corporatist aims. Paul wouldn’t argue against that, either. Are the Corporatists collapsing the middle class. Yes, exactly. That’s not free-market Capitalism. That’s regulation-supported Corporatism. The total argument, on the other hand, is heavily framed.

21. tryptala Says:
    February 24th, 2012 at 2:49 pm

    @Adnihilo I guess you didn’t get my, what started the fire analogy.

22. tryptala Says:
    February 24th, 2012 at 3:24 pm

    @Adnihilo I’ll let Ralph say it himself:

    CNN: “Why is Ron Paul appealing to you?”

    Nader: “Well, he wants to get out of these wars overseas, wants to bring the soldiers back, want to cut the bloated military budget, he wants to change some of the anti-civil liberty provisions of the Patriot Act, he hates corporate welfare and all these bail-outs of Wall Street crooks..so that’s pretty good, I mean, you know, that’s a good start. He aught to get more attention…”

    /watch?v=pf47QATWUKs

23. tryptala Says:
    February 24th, 2012 at 3:40 pm

    @Adnihilo Yeah, I guess you don’t need to spend time listening to Ron Paul. It’s obviously time wasted. Derivatives can be abolished by recognizing that they are inherently a form of counterfeiting rife with fraud.

24. Adnihilo Says:
    February 24th, 2012 at 4:34 pm

    @tryptala No, the mismanagment of the economy through a serious deregulations has caused the destruction of the economy. Google the disasters from ‘electric industry deregulation’, or ‘airline industry deregulation’ and of course ‘banking industry deregulation’. Deregulation created banks that were ‘too big to fail’, not regulations!

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