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<blockquote data-quote="wkmac" data-source="post: 908839" data-attributes="member: 2189"><p>In the case of Moreluck, I'd just default to what Dave said!</p><p><img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" /></p><p></p><p>BTW: No argument that various gov't officials of both parties and both branches of gov't enabled the whole mortgage mess from beginning to end but I also agree with you Jones that IMO the Congress or the Executive branch doesn't go <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" /> without first getting permission from those who've been footing the election bill for a very long time. I agree many regulations have been written but with regulatory capture, those regs. are designed to limit competition by invoking barriers to competitive upstarts while allowing the existing players to enjoy a cartelized monopoly. </p><p></p><p>It's ashame some people can't understand that big business loves big gov't and has been the enabler of it for a very longtime. To continue to blindly defend big business seems counterproductive to real freedom and true free markets. They'd do well regardless of party or administration to look at the executive branch agency heads and cabinet level officials and just where they come from. The Federal Reserve bank is a private entity granted a public monopoly by gov't and under Title 12 is one of the oversite agencies in regards to the CRA. This may also explain the Wall Street banking revolving door at Treasury but then let's not persecute the poor downtrodden Corporation who only wants to operate in a true free market......oopppps, not so fast, a controlled market environment designed to assure outcomes while absorbing the risks on the backs of taxpayers. </p><p></p><p>The blame squarely falls equally on gov't and certain private business interests alike!</p></blockquote><p></p>
[QUOTE="wkmac, post: 908839, member: 2189"] In the case of Moreluck, I'd just default to what Dave said! :wink2: BTW: No argument that various gov't officials of both parties and both branches of gov't enabled the whole mortgage mess from beginning to end but I also agree with you Jones that IMO the Congress or the Executive branch doesn't go :censored: without first getting permission from those who've been footing the election bill for a very long time. I agree many regulations have been written but with regulatory capture, those regs. are designed to limit competition by invoking barriers to competitive upstarts while allowing the existing players to enjoy a cartelized monopoly. It's ashame some people can't understand that big business loves big gov't and has been the enabler of it for a very longtime. To continue to blindly defend big business seems counterproductive to real freedom and true free markets. They'd do well regardless of party or administration to look at the executive branch agency heads and cabinet level officials and just where they come from. The Federal Reserve bank is a private entity granted a public monopoly by gov't and under Title 12 is one of the oversite agencies in regards to the CRA. This may also explain the Wall Street banking revolving door at Treasury but then let's not persecute the poor downtrodden Corporation who only wants to operate in a true free market......oopppps, not so fast, a controlled market environment designed to assure outcomes while absorbing the risks on the backs of taxpayers. The blame squarely falls equally on gov't and certain private business interests alike! [/QUOTE]
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