BidenPresident
Verified User
fuck you
Biden can still stop Trump, and Trumpism – if he finds a bold plan and moral vision
- Thread starter BidenPresident
- Start date
fuck you
BidenPresident
Verified User
ignore. If I see you harassing others on my threads you will be banned.
Yakuda
Verified User
Blah blah blah that's all that ever comes out of that gash under your nose. Moron.
Good debate skill.
BidenPresident
Verified User
Back at you, "Idiot."
evince
Truthmatters
https://www.stripersonline.com/surf...sec-concedes-oversight-flaws-fueled-collapse/
Conservative admits failure - S.E.C. Concedes Oversight Flaws Fueled Collapse
Started by Ibn Ozn, September 27, 2008
21 posts in this topic
PREV
1
NEXT
Page 1 of 2
Ibn Ozn
BST Users
5,014 posts
· #1
Posted September 27, 2008 ·
"The last six months have made it abundantly clear that voluntary regulation does not work,"
-SEC Chairman Chris Cox ®
The concept of voluntary or self-regulating markets is a core conservative principle-and now an admitted failure. It's good to see some truth finally.
http://www.nytimes.com/2008/09/27/bu...th&oref=slogin
September 27, 2008
S.E.C. Concedes Oversight Flaws Fueled Collapse
By STEPHEN LABATON
WASHINGTON - The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street's largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.
The S.E.C.'s oversight responsibilities will largely shift to the Federal Reserve, though the commission will continue to oversee the brokerage units of investment banks.
Also Friday, the S.E.C.'s inspector general released a report strongly criticizing the agency's performance in monitoring Bear Stearns before it collapsed in March. Christopher Cox, the commission chairman, said he agreed that the oversight program was "fundamentally flawed from the beginning."
"The last six months have made it abundantly clear that voluntary regulation does not work," he said in a statement. The program "was fundamentally flawed from the beginning, because investment banks could opt in or out of supervision voluntarily. The fact that investment bank holding companies could withdraw from this voluntary supervision at their discretion diminished the perceived mandate" of the program, and "weakened its effectiveness," he added.
Mr. Cox and other regulators, including Ben S. Bernanke, the Federal Reserve chairman, and Henry M. Paulson Jr., the Treasury secretary, have acknowledged general regulatory failures over the last year. Mr. Cox's statement on Friday, however, went beyond that by blaming a specific program for the financial crisis - and then ending it...
Conservative admits failure - S.E.C. Concedes Oversight Flaws Fueled Collapse
Started by Ibn Ozn, September 27, 2008
21 posts in this topic
PREV
1
NEXT
Page 1 of 2
Ibn Ozn
BST Users
5,014 posts
· #1
Posted September 27, 2008 ·
"The last six months have made it abundantly clear that voluntary regulation does not work,"
-SEC Chairman Chris Cox ®
The concept of voluntary or self-regulating markets is a core conservative principle-and now an admitted failure. It's good to see some truth finally.
http://www.nytimes.com/2008/09/27/bu...th&oref=slogin
September 27, 2008
S.E.C. Concedes Oversight Flaws Fueled Collapse
By STEPHEN LABATON
WASHINGTON - The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street's largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.
The S.E.C.'s oversight responsibilities will largely shift to the Federal Reserve, though the commission will continue to oversee the brokerage units of investment banks.
Also Friday, the S.E.C.'s inspector general released a report strongly criticizing the agency's performance in monitoring Bear Stearns before it collapsed in March. Christopher Cox, the commission chairman, said he agreed that the oversight program was "fundamentally flawed from the beginning."
"The last six months have made it abundantly clear that voluntary regulation does not work," he said in a statement. The program "was fundamentally flawed from the beginning, because investment banks could opt in or out of supervision voluntarily. The fact that investment bank holding companies could withdraw from this voluntary supervision at their discretion diminished the perceived mandate" of the program, and "weakened its effectiveness," he added.
Mr. Cox and other regulators, including Ben S. Bernanke, the Federal Reserve chairman, and Henry M. Paulson Jr., the Treasury secretary, have acknowledged general regulatory failures over the last year. Mr. Cox's statement on Friday, however, went beyond that by blaming a specific program for the financial crisis - and then ending it...
One of many correct replies would have been "thanks for the correction. "
BidenPresident
Verified User
bye troll
evince
Truthmatters
https://amp.theguardian.com/commentisfree/2008/jan/25/wereallkeynesiansagain
We're all Keynesians - again
Mark Weisbrot
When the US faces a recession, suddenly even conservatives think the economy is too important to be left to ideologues
Fri 25 Jan 2008 12.00 EST
Share on FacebookShare on TwitterShare via Email
14 years old
It was 1971 when Richard Nixon, a Republican, uttered his famous phrase: "We are all Keynesians now. " But there was a backlash soon to follow, with Ronald Reagan and Margaret Thatcher changing the world as perhaps no two other people did during the second half of the 20th century.
Reagan's "supply-side economics" was never taken seriously in the economics profession - even at the height of his influence there was barely a handful of economists that would lend their names to it. But the economics profession did, in its research at least, throw out many of the insights that had made John Maynard Keynes the most influential economist of the century.
Among these insights was Keynes' explanation that self-regulating markets would not necessarily fix an economy that had fallen into recession, so as to restore growth and full employment. Instead, government intervention could help do the job that markets could not. This was painfully clear in the middle of the Great Depression, when Keynes put forth the economic theory that became the basis not only of introductory economics textbooks - although subsequently diluted - but also our modern system of national income accounting. But just as the dogma of the Middle Ages buried some of what the ancients knew about astronomy, these insights were lost in a right-wing ideological ascendence that infected policy circles and debilitated the social sciences over the last 30 years.
So it is striking to see the most Keynesian response ever to a recession that has not even officially begun (although it may have already started - the National Bureau of Economic Research will decide that later). The Federal Reserve's three-quarter of a percentage point cut on Tuesday was its largest since 1990 and its first move between scheduled meetings since 2001, when it cut rates following the September 11 attacks. And the markets are anticipating another cut at the Fed's regular policy meeting next week - perhaps as much as half a percentage point. The Fed will most likely be afraid to disappoint.
We're all Keynesians - again
Mark Weisbrot
When the US faces a recession, suddenly even conservatives think the economy is too important to be left to ideologues
Fri 25 Jan 2008 12.00 EST
Share on FacebookShare on TwitterShare via Email
14 years old
It was 1971 when Richard Nixon, a Republican, uttered his famous phrase: "We are all Keynesians now. " But there was a backlash soon to follow, with Ronald Reagan and Margaret Thatcher changing the world as perhaps no two other people did during the second half of the 20th century.
Reagan's "supply-side economics" was never taken seriously in the economics profession - even at the height of his influence there was barely a handful of economists that would lend their names to it. But the economics profession did, in its research at least, throw out many of the insights that had made John Maynard Keynes the most influential economist of the century.
Among these insights was Keynes' explanation that self-regulating markets would not necessarily fix an economy that had fallen into recession, so as to restore growth and full employment. Instead, government intervention could help do the job that markets could not. This was painfully clear in the middle of the Great Depression, when Keynes put forth the economic theory that became the basis not only of introductory economics textbooks - although subsequently diluted - but also our modern system of national income accounting. But just as the dogma of the Middle Ages buried some of what the ancients knew about astronomy, these insights were lost in a right-wing ideological ascendence that infected policy circles and debilitated the social sciences over the last 30 years.
So it is striking to see the most Keynesian response ever to a recession that has not even officially begun (although it may have already started - the National Bureau of Economic Research will decide that later). The Federal Reserve's three-quarter of a percentage point cut on Tuesday was its largest since 1990 and its first move between scheduled meetings since 2001, when it cut rates following the September 11 attacks. And the markets are anticipating another cut at the Fed's regular policy meeting next week - perhaps as much as half a percentage point. The Fed will most likely be afraid to disappoint.
When one points the troll finger there are four fingers pointed back at you.
evince
Truthmatters
Now I was proven correct yet once again huh you old timers here
You all remember me trying to cram these facts into your brains back then huh
The facts have no expectation dates
That’s why I turn out to be correct so often
Facts do that for you
Any smuck can love facts and be good at going where they lead
I’m just some smuckette
Yet I almost always turn out to have gotten it correct
It’s the facts that give me that power
You all remember me trying to cram these facts into your brains back then huh
The facts have no expectation dates
That’s why I turn out to be correct so often
Facts do that for you
Any smuck can love facts and be good at going where they lead
I’m just some smuckette
Yet I almost always turn out to have gotten it correct
It’s the facts that give me that power
evince
Truthmatters
A shit sniffer like you would think facts sound like blah blah blah
It’s why you are always wrong