Another Obama record: 3 straight years of $1+ trillion deficits

[Fury]

I didn't know about the quotas and I'm still not sure if you're right about it but I will concede your point since you don't have a history of making stuff up....I'll research it when I have the time

There was a WSJ journal article discussing it a month or two ago when some Dems proposed repeating this all over again. I was looking for it but I can't find the link right now.

[Soul Crusher]

Aided on by SEC regulators watching porn on their computers and the ratings agencies labeling the securities AAA.

Agreed.   this is where GWB Admn failed miserably.  cox was a disaster and GWB appointing Bernake made matters worse.  

[Fury]

Agreed.   this is where GWB Admn failed miserably.  cox was a disaster and GWB appointing Bernake made matters worse.  

This is why I laugh at the "REGULATE MORE" crowd. What will more regulations accomplish when the SEC didn't enforce the first ones?

[Soul Crusher]

This is why I laugh at the "REGULATE MORE" crowd. What will more regulations accomplish when the SEC didn't enforce the first ones?

too many overlapping agencies, too many inexperienced , overmatched , unqualified people in SEC etc. 

for fucks sake - Markopolos went to the SEc TWICE about madoff and they gave him a clea bill of health. 

[Skip8282]

This is why I laugh at the "REGULATE MORE" crowd. What will more regulations accomplish when the SEC didn't enforce the first ones?

Exactly.  Another big fuckup.  Wouldn't surprise me if they passed a whole regulatory agency to regulate the regulators.  Sometimes, it's just nuts.

[GigantorX]

This thread has brought us closer together, guys.

We need a group hug!

[Fury]

Exactly.  Another big fuckup.  Wouldn't surprise me if they passed a whole regulatory agency to regulate the regulators.  Sometimes, it's just nuts.

No joke but I'm almost 100% sure this was proposed. I remember reading about it.

[andreisdaman]

This thread has brought us closer together, guys.

We need a group hug!