Thursday, February 5, 2009
Would "Regulation" Have Helped?
Nada . . . Democrats cry that “lack of regulation” is responsible for the financial slowdown, to avoid taking responsibility themselves. We HAD “regulation,” but it did nothing to stop the economic slowdown from happening. In an aside, regulators “investigated” Bernie Madeoff EIGHT TIMES,” but never came NEAR his swindle. The Bush administration “investigated” the "Community Reinvestment Act of 1976" and its companion swindles, Fannie Mae and Freddie Mac, but found itself blocked by the very Democrats who DESIGNED the swindle every time. There are many other such swindles out there, and the bureaucrats charged with uncovering them never do. So would “regulation” have helped? Not even! “Regulation” is only there to convince voters and taxpayers the government is “doing something.” (Just common sense)
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