jo4hn wrote:

Mark & Juanita wrote:
D'ohBoy wrote:

.. snip
This IS the TIME!

THIS IS THE TIME WHEN THE SEEDS OF DESTRUCTION PLANTED BY THE
REPUBLICANS OVER YEARS OF GUTTING CONTROLS ON THE FINANCIAL
INSTITUTIONS ARE BEARING THEIR BITTER FRUIT. EAT UP YOU SCUMSUCKING
*******S!


What the heck are you talking about? Gutting controls? Have you heard
of
Sarbanes-Oxley? There is so much regulation now that it takes an army of
lawyers for a company to comply with all the regulations out there. The
current problem now was facilitated by Fannie Mae and Freddie Mac -- two
government run organizations that were making bad loans to people who
couldn't pay them back -- at the behest of the Congress.

Lessee now. "The Sarbanes-Oxley Act of 2002 also known as the Public
Company Accounting Reform and Investor Protection Act of 2002 and
commonly called SOX or Sarbox; is a United States federal law enacted on
July 30, 2002 in response to a number of major corporate and accounting
scandals including those affecting Enron, Tyco International, Adelphia,
Peregrine Systems and WorldCom. These scandals, which cost investors
billions of dollars when the share prices of the affected companies
collapsed, shook public confidence in the nation's securities markets.
Named after sponsors Senator Paul Sarbanes (D-MD) and Representative
Michael G. Oxley (R-OH), the Act was approved by the House by a vote of
423-3 and by the Senate 99-0. President George W. Bush signed it into
law, stating it included "the most far-reaching reforms of American
business practices since the time of Franklin D. Roosevelt."" [Wikipedia]

Those pesky Democrats snuck that one through.

Geez, you don't pay any attention here. The point was that SOX is an
extremely onerous regulation (I know this based upon personal experience in
my job, and I'm only peripherally affected) that taps deep into corporate
workings with (from the looks of Lehman and AIG) very little benefit. This
was in response to the original poster's ridiculous assertion that controls
and regulations had been gutted by the sitting administration. You
actually make my point for me -- this ponderous piece of legislation was
passed during the current administration when the Republicans were in
control of both houses -- hardly the "gutting" that the OP was screaming
about.


Man, this is gonna be so much fun when the Congress, Senate and White
House are all dominated by the Democrats. Gonna be a lotta stinky
Repugnant carcass swinging from the gallows.....

D'ohBoy

So much fun. Hang on to your wallets boys, "Change!", it's all you're
going to have left after the dems get done raising taxes should that very
frightening scenario come to pass.

Hell yes! Let our grandchildren pay off all those countries that we are
borrowing from. Oh and some of those countries don't always have our
best interests at heart.

You know you are welcome to send as much money to the government as you
wish. You don't have to limit yourself to only the amount of taxes you
have due. Why are you expecting to use other peoples' money to solve this
problem?




--
If you're going to be dumb, you better be tough