tag:blogger.com,1999:blog-663998076511109850.post50191101135981508..comments2009-11-19T14:23:35.695-08:00Marcfhttp://www.blogger.com/profile/07557608193924044365marcf999@gmail.comBlogger2125tag:blogger.com,1999:blog-663998076511109850.post-60215243300957146052009-11-19T14:23:35.964-08:002009-11-19T14:23:35.964-08:00Hey Bill, yeah... but you know in 2000 we had Sarbox hit us like a brick wall. Where is the Sarbox now? you can hear crickets... we were left to our own devices when the dotcom exploded. &quot;Lessons in capitalism etc&quot; &quot;only the strong survive&quot; and other bullshit. But now? With banks..oh no, not the banks. With the banks, the parasite at the top of the capitalist system, the tough rules don&#39;t apply, no not them and their bonuses, nope sir. We sure didn&#39;t get bailed out in the days and JBoss was born, in part because of it. <br /><br />I agree with the sentiment that the FED was cornered with AIG, but the legislation that would prevent such abuse again (ban naked CDS) is nowhere to be seen. Moral hazard has become the norm as a result.Marcfhttp://www.blogger.com/profile/07557608193924044365noreply@blogger.comtag:blogger.com,1999:blog-663998076511109850.post-17187270439092308032009-11-19T14:06:16.060-08:002009-11-19T14:06:16.060-08:00I agree that geithner shouldn&#39;t be blamed (or asked to resign by these baffoon replication house reps). He nor the Fed, nor Paulson could play poker with the economy considering how bad things were (and still are). You can&#39;t take chances or make decisions based on ideology when looking over the abyss. You take the approach with the least risk, even if it looks on the surface to be vastly more expensive. <br /><br />Fix the problem. Give the Fed, Treasury, and SEC the power and funding to do their jobs. Write the legislation to prevent more Madoffs. The crisis showed that nobody can be trusted to do the right thing, so its time to treat everybody like babies.Bill Burkehttp://www.blogger.com/profile/03180972204867205393noreply@blogger.com