Unfettered capitalism is evil

evince said:
because you shits fear the facts I bring to you
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You can't fear something you haven't brought. It's like fearing a black person getting a job ahead of you when they have to rely on what they offer in skills instead of benefitting from affirmative action.
 
CFM said:
You can't fear something you haven't brought. It's like fearing a black person getting a job ahead of you when they have to rely on what they offer in skills instead of benefitting from affirmative action.
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Let us guess, this is what happened to you. Your buddy TDAK's daughter dated a brother and it made him lose his mind. You either lost your job to a black man or they hired a black man over you and you lost yours. At least the two of you can commiserate together on JPP.


And once again nice straw man Desh. We don't have unfettered capitalism nor will we. But you keep piling up that hay.
 
cawacko said:
Let us guess, this is what happened to you. Your buddy TDAK's daughter dated a brother and it made him lose his mind. You either lost your job to a black man or they hired a black man over you and you lost yours. At least the two of you can commiserate together on JPP.


And once again nice straw man Desh. We don't have unfettered capitalism nor will we. But you keep piling up that hay.
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Your guess would be wrong. That's why I don't fear a black getting a job in front of me. Even with AA, they don't qualify.
 
Thanks for clarifying Desh. So even though regulatory laws increase under republican administrations it's all a big ruse because when the revolution hits they are going to repeal all of them?
 
CFM said:
Your guess would be wrong. That's why I don't fear a black getting a job in front of me. Even with AA, they don't qualify.
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I'd ask what industry you work in but you would just lie like you did about being on athletic scholarship in college
 
cawacko said:
I'd ask what industry you work in but you would just lie like you did about being on athletic scholarship in college
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You claim to know so much about me, shouldn't you already know that, too?

That you were told it wasn't your fucking business doesn't mean it's a lie.
 
canceled.2021.3 said:
This whole thread is ridiculous.

Using made up non economic terms

Here is a challenge for the lefties here

List for me ten businesses/activities not regulated by the state, local or federal gobblements.

Just list ten. Should be easy. Where is this "unfettered capitalism" we hear talk of?


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Made up economic terms?


Look the word up ass diver
 
evince said:
S.E.C. Concedes Oversight Flaws Fueled Collapse
By STEPHEN LABATONSEPT. 26, 2008

WASHINGTON — The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.
The S.E.C.’s oversight responsibilities will largely shift to the Federal Reserve, though the commission will continue to oversee the brokerage units of investment banks.
Also Friday, the S.E.C.’s inspector general released a report strongly criticizing the agency’s performance in monitoring Bear Stearns before it collapsed in March. Christopher Cox, the commission chairman, said he agreed that the oversight program was “fundamentally flawed from the beginning.”
“The last six months have made it abundantly clear that voluntary regulation does not work,” he said in a statement. The program “was fundamentally flawed from the beginning, because investment banks could opt in or out of supervision voluntarily. The fact that investment bank holding companies could withdraw from this voluntary supervision at their discretion diminished the perceived mandate” of the program, and “weakened its effectiveness,” he added.
Mr. Cox and other regulators, including Ben S. Bernanke, the Federal Reserve chairman, and Henry M. Paulson Jr., the Treasury secretary, have acknowledged general regulatory failures over the last year. Mr. Cox’s statement on Friday, however, went beyond that by blaming a specific program for the financial crisis — and then ending it.


On one level, the commission’s decision to end the regulatory program was somewhat academic, because the five biggest independent Wall Street firms have all disappeared.
The Fed and Treasury Department forced Bear Stearns into a merger with JPMorgan Chase in March. And in the last month, Lehman Brothers went into bankruptcy, Merrill Lynch was acquired by Bank of America, and Morgan Stanley and Goldman Sachs changed their corporate structures to become bank holding companies, which the Federal Reserve regulates.
But the retreat on investment bank supervision is a heavy blow to a once-proud agency whose influence over Wall Street has steadily eroded as the financial crisis has exploded over the last year.
Because it is a relatively small agency, the S.E.C. tries to extend its reach over the vast financial services industry by relying heavily on self-regulation by stock exchanges, mutual funds, brokerage firms and publicly traded corporations.
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What republicans had to admit after the 2008 Bush crash caused by deregulation
 
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