Monday, September 15, 2008

Hoooo!! I'm busy. What are you after? Cause I told you that before, you cannot arrest someone before he's done anything and you cannot regulate for a problem or abuse or name it as you want that didn't yet take place...
I got a game for you though, guess what and when :
The Federal Reserve and the Securities and Exchange Commission worked today to limit damage to the financial markets from the collapse of ...............................................................
You know the answer, I pay your losses!
Found out? I'll help was in February.
Alright, was February 13, 1990.....
Was Drexel a Wall Street big name?
See... on top of that quite a few Savings and Loans came down, at the time. And the economy recovered....
Well, we should be heading now probably faster than initially forecast to in between $70 to $80, should speed up recovery.
At the time, some blamed you know... facts are, before you request a bill you have to know what's at stake, what happened exactly and how, then you can elaborate new regulations. Just a reminder, a year(1989) before Drexel bankrupcy, The Financial Institutions Reform Recovery and Enforcement Act of 1989 (FIRREA) was enacted in the wake of the savings and loan crisis, not before... Did it prevent Drexel's failure, no, why, cause you can't legislate on something that didn't yet happened and that is new.
Now, yes there is a"problem"... not new, Mike and Yvan paid the bill for stupids that did invest regular savings into highly speculative vehicules, ruined their institution and compromised the junk bonds future. So relax and stay put!
Difficult times yes, but if you sell Wall Mart because a bank goes bankrupt, you shouldn't ever invest your money in stocks.
I don't know about that but the blame game is a limited weapon, people know and understand that you can't prevent anything and everything by law and regulations. Innovation will always brings you some good and some not so... Do you plan to regulate innovation in general?
Is there really a philosophy hiding under innovation?
Here is the price of Freedom... I know where innovation isn't allowed, you don't want to live there...
Looks like a joke to me. Do you sincerely think that these 8 years have been what in 2000 when he campaigned, President Bush dreamed of? You got to be joking!
What I meant is yes, a country at war has a deficit, experiences diplomacy difficulties, ennemies media campaign, economic struggle (in the wake of 09/11, I think that so far everything was cleverly handled to avoid most of the consequences of a country at war onto the People).

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