tag:blogger.com,1999:blog-3669412675139526125.post8557096800999722785..comments2024-03-12T21:13:06.850-05:00Comments on Legal Schnauzer: Cause of 2008 Financial Collapse Remains Lost on Alabama's Corporate Chieftainslegalschnauzerhttp://www.blogger.com/profile/09619089628125964154noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3669412675139526125.post-3816738470101570012012-04-06T21:56:14.776-05:002012-04-06T21:56:14.776-05:00To acknowledge they were part of the problem would...To acknowledge they were part of the problem would mean they would share some responsibility in cleaning up the mess. That is somewhere they don't want to go. Its all about ego & they do not want to admit they were wrong.<br /><br />Canada, which has much stricter banking regulations avoided a lot of the 2008 disaster. Although our Prime Minister likes to take credit for it, his predecesors the Liberals were responsible. Had Harper had his way, we would be in the same shape as the Americans.<br /><br />Wide spread deregulatin would permit these bankers to do exactly as they previously did. They made lots of money for themselves & the average person suffered. Whats wrong with that, from their point of view.<br /><br />They most likely also applauded because he is a university professor, so he is supposed to be smart & hey he says what we did was o.k. Validation. <br /><br />Unfettered greed is worshipped these days. The attitude of, "I'm all right jack" will lead to more serious social problems. <br /><br />The average taxpayer needs to educate themselves on how politics & money works so they can ensure they don't wind up with anything & the 1% aquire even more assets.e.a.f.noreply@blogger.comtag:blogger.com,1999:blog-3669412675139526125.post-61671155618154667542012-04-06T20:24:32.989-05:002012-04-06T20:24:32.989-05:00You know the guy is quacking when he states the so...You know the guy is quacking when he states the solution to our current financial woes is "massive deregulation"--in the wake of the Levin-Coburn report showing that lax regulation was a big part of the problem. You have to wonder about a school like Wake Forest putting this guy on its faculty.legalschnauzerhttps://www.blogger.com/profile/09619089628125964154noreply@blogger.comtag:blogger.com,1999:blog-3669412675139526125.post-5920959566863395662012-04-06T15:04:28.461-05:002012-04-06T15:04:28.461-05:00The Nazi defense:"they made us do it."
...The Nazi defense:"they made us do it."<br /><br />And if Allison is a devotee of Ayn Rand(social Darwinism)he's probably cheering on the next financial crisis(massive deregulation.)jeffrey spruillnoreply@blogger.com