Dick Morris' take on financial regulation: "Castro doesn't have those powers"
March 29, 2010 9:17 pm ET
From the March 29 edition of Hannity:
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By the way, guess what the GOP's anti-financial regulation strategy is? They're claiming that it's another bailout, a claim which seems to have originated from Senator Shelby (R-AL). Yep. The bill designed to prevent us from having to bail out a failing bank is being attacked as a bailout.
Still, I'm cautiously optimistic that there'll be some Senate Republicans who'll recognize the necessity of stronger financial regulation (and political boon associated with it), and get on board. There has to be a few, right? Right? :-(
File this one under "no sh!t, Sherlock" . . .
Oh, 'lil dick, depending on which one you're referring to, when you say "Castro doesn't have those powers", if you're talking about Fidel, you're right -- he doesn't have ANY powers, since he resigned in February 2008 . . .
And as dumb as a rock . . .
Comes as a surprise to no one familiar to your history of posting here, moron.
An axe wielding maniac is less of a threat than a cancer from within - you can prepare to face someone with an axe. Castro wields the axe, B Hussein is a cancer from within - he has fooled about 45% of the country into thinking he is pro-American.
There are no axe wielders, but there are plenty of armed citizens.
I do.
Obama is in power
Fidel Castro isn't.
Much evidence that the repeal of Glass Steagle openned doors for the financial institutions to take chances that were illeagal pior to this.
Howcum you didn't blame the poorer parts of our economy for taking unfair advantage of those defencless institutions as well?
Sarbannes-Oxley was an gross overreaction to a few crooks at Enron. Yes, Enron was egregious, but it is pretty small potatoes in relation to the AIG bailout.
Admittedly there is some controversy over its results. Admittedly most here do not consider you an credible authority on financial matters.
I'm sure most people here think spending $2 trillion on a new federal entitlement lowers the deficit - that doesn't make it so.
This isn't about me. Think I am a moron all you like (it's not like a give a hoot what liberals think of me), I am not misstating Glass Steagle and Sarbannes-Oxley.
Facts are facts even if you do not care for teh bearer of the facts.
Wikipedia is not a credible source - ANYONE can edit it.
You don't want to mention the other companies then just Emron?
Nor show how AIG is relevent?
There is no opinion involved. AIG losses dwarf those of Enron. Had we not overreacted to Enron with mark-to-market restrictions of Sarbannes-Oxley AIG could have remained solvent.
It is TOO MUCH relgulation that caused the collapse - not too little.