Re: Let's face it both McCain and Obama are both Marxist!
Date: October 11, 2008 01:54PM
WashingToneLocian Wrote:
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> This Marxist vitriol gets tiresome. I don't think
> we should socialize our banking system the way the
> Europeans are doing, but some level of regulation
> is required. You need to brush up on your history.
> When markets were "freer" in the 1800s and early
> 1900s, panics were common and corruption was much
> more rampant than it is today. If the government
> had stepped in in 2002 and took S&P and Moody's to
> task for the way they rated mortgage securities
> based on some mathematical formula no one
> understood and had pushed to require credit
> default swaps to be regulated the way insurance
> is, none of this would have happened. Oh, and
> Fannie Mae was not the cause of all this. It was
> Wall Street greed, not the need affordable
> housing, that caused this problem.
+1 and I nominate you for the most sane person on here.