This whole stock market crash can be laid to the deregulatory policies of George W. Bush. This boozo has only three months left, but I wonder if the nation and the stock market can survive for that long.
Bush's push for dismantling the regulatory structure of the SEC has everything to do with permitting these unknowable Collateralized Mortgage Obligations (CMOs) to be traded and issued without SEC registration.
In Bush's world, everything goes, and now the stock market and millions of investors are paying the steep price.
Thursday, October 9, 2008
BUSH'S DEREGULATION CAUSES CRASH OF STOCK MARKET
Posted by BOB EDER at 5:20 PM PERMALINK
Labels: COLLATERALIZED MORTGAGE OBLIGATIONS, GEORGE W. BUSH, SECOND AMENDMENT, U.S. STOCKS
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment