austinberries Posted September 26, 2008 Author Share Posted September 26, 2008 >>hollies: Trying to pin the present day financial meltdown, which is tied to the subprime meltdown, is silly and shows a lack of true understanding of the problem.>> mellie: I'm just saying I don't agree with holding elected officials accountable for mistakes made by business owners, other people we entrusted, and yes - sometimes ourselves.actually it is that simple, & the public is definitely most justified in blaming the politicians, b/c they specifically opened the doors (mostly Repubs) to the very deregulatory practices (yes hollies, including, but definitely not limited to the mortgage industry) that legally allowed businessmen to do things that were previously not allowed, & conduct unethical, risky, shady, smoke & mirrors, quick-profit, dangerous, & very destabilizing financial, accounting, & investment practices for short-term (& often artificial) gainssorry, to say that politicians aren't accountable here is to have your head buried 6 ft in the sand. the politicians sit squarely in the lap of & pass legislation for the lobbyists, who lobby for the businessmen & corporations to open these thing wide open for them, & then greed runs its ugly & predictable coursethere's a very specific reason these things were regulated for decades, & there's a very specific reason Repubs wanted to open those doors, & now there's a very specific reason we are seeing the meltdown, & they are all directly correlated w/ each otherthis is not even debatable, its just fact, even if it was the party that you happened to help vote into office & you are left trying to defend their actions, thats what has happened Quote Link to comment Share on other sites More sharing options...
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