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
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BOB EDER
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5:20 PM PERMALINK
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Labels: COLLATERALIZED MORTGAGE OBLIGATIONS, GEORGE W. BUSH, SECOND AMENDMENT, U.S. STOCKS
Thursday, June 26, 2008
DEMOCRATS REJOICE - GUN ISSUE NEUTRALIZED BY TODAY'S DECISION
The decision today by Justice Scalia striking down the gun laws in the District of Colombia (District of Colombia v. Heller) should not be taken too sourly by Democrats. Even though the Scalia argument is somewhat shallow and specious, the overall Scalia result prevents the right from being able to claim that a liberal Supreme Court is the issue. Let Wayne La Pierre and the other gun nuts salivate over this "victory." Their argument about being persecuted for their constitutional "rights" has just be neutralized for the 2008 elections.
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BOB EDER
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4:28 PM PERMALINK
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Labels: GUN RIGHTS, HELLER, JUSTICE ANTONIN SCALIA, SECOND AMENDMENT, U.S. SUPREME COURT