Incorrect. Bush tried to get reforms enacted for Freddie and Fannie, and those efforts were killed by the dems, as the Reps, did not have the votes to get is passed on their own. Nice try, but fail nontheless.
The same thing applied prior to 2007 when the dems became the majority in the House and Senate. When the Republicans had a Senate majority, they did not have 60 votes either. So I guess by your logic, that the dems were obstructionist during that time. Where is it written that any party has to agree with the other. The rules of the House and Senate practically guarantee that there will be little bi-partisanship.
And I would probably object to some of the uses for the money in your state.
LMAO. You make wild assertions with no basis in fact.
Yep. And remember, back in August or September, Buffett had bought a large stake in GE.
The rules on mark-to-market can be a double-edged sword, but at least calling for a moratorium on them for a period of time would not have cost any money, and would have been prudent given the seizing up of the credit markets being used at the catalyst for the huge amounts of money that were thrown into the monetary system. The money supply has grown exponentially, and if this money, combined with the other Federal dollars thrown into the economy, hits too fast in too short a period of time, hello inflation.
The assault on the financials had already started in July, through short sales.
Not yet, but rumors are circulating that it is under consideration.
It would be wise to keep up with economic news from around the world.
There are large sums sitting on the sidelines right now. Currently, earnings forecasts are down 10% for this year over last, and GDP is forecast to shrink for the year. The rally this week has been primarily centered on the financials, and I am not willing to recommit to the markets based on this, as this was all caused by the financials. I find is suspicious that so much good news could be coming from the sector, when we keep hearing how bad it is with these companies.
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