stdreb27
Active Member
Originally Posted by zman1
http:///forum/post/2516587
I agree the depression was better? The bankster gangsters took everyone out then without the government. The government shouldn't guarantee loans. They should regulate the industry better so they can't take us all down and out again, instead of using debt dollars to back it.
There is a certain amount of "regulation" that is needed. Just like you need laws like murder is illegal, you can't steal and stuff.
Originally Posted by zman1
http:///forum/post/2516593
Is this your beleif or fact? How can you beleive those socialist EU countries?
I haven't done a personal study of the differences. But as far as I know, if you took their methods and applied them here or vise versa it wouldn't make up the difference. They numbers are not statistically the same.
As far as believing a "socialist EU country." Why not, what is their incentive for projecting higher unemployment numbers than a more free country? It reflects negatively on their economic policies.
Originally Posted by zman1
http:///forum/post/2516618
Then explain the losses of the depression. There is a reason for the old line -hiding your money under the mattress. Now we have FDIC to back bankers free market practices. Stop FDIC and regulate the industry better since it obviously can't regulate itself.
I was not refering to the FDIC, but sally may, and other loan guarantee programs that the federal government offers to lenders to encourge then to accept less qualified aplicants. That is what that bailout was geared too.
The FDIC had its intended effect, but don't fool yourself, if we had a national bank run, the FDIC wouldn't be able to pay up.