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What Caused the Financial Meltdown?
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<blockquote data-quote="UPS Lifer" data-source="post: 403734" data-attributes="member: 9789"><p>wkmac,</p><p></p><p>Actually, I am glad to see that this bill is meeting with a lot of dissension on both sides. This means that there should be some serious hammering on both sides to get a bill that makes sense. </p><p></p><p>I normally would say that keeping the government at bay with less legislation and regulation is a good thing. Not this time! ... And not when we are talking about a multi-trillion dollar plus economy which affects the world! Our financial infrastructure needs to be monitored, oversight and accountability needs to be in place. </p><p></p><p>The dam is ready to break and the market may collapse if this bill is not hammered out. Word has it that the market could drop 1000 to 2000 points if the economy comes to a halt because the money dries up. Unfortunately this is a time when the Federal Government MUST get involved. </p><p></p><p>I do not disagree with your thinking on energy. I really like what I hear from T. Boone Pickett but this is not going to fix the immediate problem that is happening right now. </p><p></p><p>Changes need to happen with regards to energy and highway taxation. </p><p></p><p>But first and foremost, we have to restore confidence in respect to the American people and the world financial markets.</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 403734, member: 9789"] wkmac, Actually, I am glad to see that this bill is meeting with a lot of dissension on both sides. This means that there should be some serious hammering on both sides to get a bill that makes sense. I normally would say that keeping the government at bay with less legislation and regulation is a good thing. Not this time! ... And not when we are talking about a multi-trillion dollar plus economy which affects the world! Our financial infrastructure needs to be monitored, oversight and accountability needs to be in place. The dam is ready to break and the market may collapse if this bill is not hammered out. Word has it that the market could drop 1000 to 2000 points if the economy comes to a halt because the money dries up. Unfortunately this is a time when the Federal Government MUST get involved. I do not disagree with your thinking on energy. I really like what I hear from T. Boone Pickett but this is not going to fix the immediate problem that is happening right now. Changes need to happen with regards to energy and highway taxation. But first and foremost, we have to restore confidence in respect to the American people and the world financial markets. [/QUOTE]
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