Comments on: Want a Financial Crisis? Impose ‘Fairness’ http://pjmedia.com/blog/want-a-financial-crisis-impose-fairness/ Wed, 15 Feb 2012 21:23:21 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Mr. Independant http://pjmedia.com/blog/want-a-financial-crisis-impose-fairness/#comment-425093 Mr. Independant Tue, 20 Oct 2009 00:51:07 +0000 http://pajamasmedia.com/?p=69396#comment-425093 ETAB, Actually I did use the qualifier “private sector“; And not just in Part II but also Part I, several times. I also stipulated that I oppose government employee unions. I’ve been very clear that my support for organized labor is only for the private sector. Now is the reason you cannot supply a link to credible evidence in support your position because it’s only your opinion? By the way, that link you provided in your last post was a joke. I mean seriously, did you write that yourself. It was just a word document. Your point that ‘corruption functions as it’s own regulator’ is absurd. Why would a business bribe a public official to regulate itself. Corruption functions as a regulation eliminator. Mexico’s economic rank is relevant as a basis for my point that the elimination of regulation can be beneficial to an economy but it will be at the expense of it’s workforce. The interdependency of Mexico’s economy to the US is irrelevant. Globalization has ensured that all large economies are dependant with one another. Likewise the population that Mexico looses due to illegal immigration is also irrelevant due to the fact that Mexico’s social safety nets are minimal at best and non-existent at worst. And a few billion dollars of remittances are not enough to account for Mexico’s 1.5 trillion dollar economy. So to sum up ETAB, you don’t know what your talking about, you’re ‘sources’ of information are a joke, and you lie about my posts. Did I miss anything? ETAB,
Actually I did use the qualifier “private sector“; And not just in Part II but also Part I, several times. I also stipulated that I oppose government employee unions. I’ve been very clear that my support for organized labor is only for the private sector.
Now is the reason you cannot supply a link to credible evidence in support your position because it’s only your opinion? By the way, that link you provided in your last post was a joke. I mean seriously, did you write that yourself. It was just a word document.
Your point that ‘corruption functions as it’s own regulator’ is absurd. Why would a business bribe a public official to regulate itself. Corruption functions as a regulation eliminator.
Mexico’s economic rank is relevant as a basis for my point that the elimination of regulation can be beneficial to an economy but it will be at the expense of it’s workforce. The interdependency of Mexico’s economy to the US is irrelevant. Globalization has ensured that all large economies are dependant with one another. Likewise the population that Mexico looses due to illegal immigration is also irrelevant due to the fact that Mexico’s social safety nets are minimal at best and non-existent at worst. And a few billion dollars of remittances are not enough to account for Mexico’s 1.5 trillion dollar economy.
So to sum up ETAB, you don’t know what your talking about, you’re ‘sources’ of information are a joke, and you lie about my posts. Did I miss anything?

]]> By: Mr. Independant http://pjmedia.com/blog/want-a-financial-crisis-impose-fairness/#comment-425084 Mr. Independant Tue, 20 Oct 2009 00:22:15 +0000 http://pajamasmedia.com/?p=69396#comment-425084 Samson, To your first point, no I actually don’t blame Bush. Unlike my misguided friends in the Democratic Party I don’t think Bush was corrupt, or cruel, or evil. Except for the last four months of his administration, he didn’t do anything that he did say he would. Bush told the whole country what kind of president he would be. The point is, that what Bush promised, what the country got, was libertarianism. Which is a joke. Unrestrained, completely unregulated markets produced the Great Depression and now the Great Recession. No one should be surprised. As to your comment the BOA was paying ACORN protection money, prove it. If they were I’d like to know (if no other reason than because I’m a shareholder). I doubt that they were, otherwise why didn’t Chase, Citigroup, and Washington Mutual do the same? BOA public ’earning statements’ have consistently shown that they have not shown the same rate of default of mortgages as their competitors. If you have proof that this is false, prove it. The reason BOA almost failed (and needed 45 BILLION dollars of bailout money) was because of it’s forced purchase of Merrill Lynch. Finally, what you fail to understand about my previous posts, is that I do believe the private free-market system but I also understand that the system must be properly regulated. Samson,
To your first point, no I actually don’t blame Bush. Unlike my misguided friends in the Democratic Party I don’t think Bush was corrupt, or cruel, or evil. Except for the last four months of his administration, he didn’t do anything that he did say he would. Bush told the whole country what kind of president he would be. The point is, that what Bush promised, what the country got, was libertarianism. Which is a joke. Unrestrained, completely unregulated markets produced the Great Depression and now the Great Recession. No one should be surprised.
As to your comment the BOA was paying ACORN protection money, prove it. If they were I’d like to know (if no other reason than because I’m a shareholder). I doubt that they were, otherwise why didn’t Chase, Citigroup, and Washington Mutual do the same? BOA public ’earning statements’ have consistently shown that they have not shown the same rate of default of mortgages as their competitors. If you have proof that this is false, prove it. The reason BOA almost failed (and needed 45 BILLION dollars of bailout money) was because of it’s forced purchase of Merrill Lynch.
Finally, what you fail to understand about my previous posts, is that I do believe the private free-market system but I also understand that the system must be properly regulated.

]]> By: Tristan http://pjmedia.com/blog/want-a-financial-crisis-impose-fairness/#comment-422450 Tristan Fri, 16 Oct 2009 18:11:33 +0000 http://pajamasmedia.com/?p=69396#comment-422450 Excellent job Oleg, we need your perspective. My wife and her family is from Singapore, a country that raised its GDP per capita 100x in 40 years through smart economic policies. They sure don't go around complaining about globalization. Excellent job Oleg, we need your perspective. My wife and her family is from Singapore, a country that raised its GDP per capita 100x in 40 years through smart economic policies. They sure don’t go around complaining about globalization.

]]> By: Cybergeezer http://pjmedia.com/blog/want-a-financial-crisis-impose-fairness/#comment-422398 Cybergeezer Fri, 16 Oct 2009 17:05:09 +0000 http://pajamasmedia.com/?p=69396#comment-422398 <b>Obama's forced welfare plans revealed:</b> http://blog.heritage.org/2009/10/16/morning-bell-obamacare-puts-you-on-welfare/ Obama’s forced welfare plans revealed:
http://blog.heritage.org/2009/10/16/morning-bell-obamacare-puts-you-on-welfare/

]]> By: ETAB http://pjmedia.com/blog/want-a-financial-crisis-impose-fairness/#comment-421843 ETAB Fri, 16 Oct 2009 01:31:20 +0000 http://pajamasmedia.com/?p=69396#comment-421843 Mr.Independent - yes, you did say that Mexico has no organized labor - in Part II of Oleg' series. And you did not use the qualifier 'in the private sector'. You said "there is virtually no organized labor in Mexico'...several times. Again - NO qualifier of 'private sector'. So, don't try to get out of your original statements. I'mnot supplying links to everything. You can look up the Mexican economy on your own and figure out the ratio of imports and exports with the US..and the illegal alien economy and the amount they send back to Mexico. http://docencia.izt.uam.mx/egt/publicaciones/articulos/Mexican%20Labor%20Unions%20Facing%20the%20Free%20Trade%20Agreement.pdf Please provide evidence that you are using a complex causality in your review of economies. You seem to focus on only one variable: unions. By the way, corruption functions as its own rigid regulator. And what does Mexico's economic rank have to do with unions? You totally ignore its embeddedess within the US economy, its offloading of its poorest class to the US, its input of billions from those illegal aliens.. Mr.Independent – yes, you did say that Mexico has no organized labor – in Part II of Oleg’ series. And you did not use the qualifier ‘in the private sector’. You said “there is virtually no organized labor in Mexico’…several times. Again – NO qualifier of ‘private sector’. So, don’t try to get out of your original statements.

I’mnot supplying links to everything. You can look up the Mexican economy on your own and figure out the ratio of imports and exports with the US..and the illegal alien economy and the amount they send back to Mexico.

http://docencia.izt.uam.mx/egt/publicaciones/articulos/Mexican%20Labor%20Unions%20Facing%20the%20Free%20Trade%20Agreement.pdf

Please provide evidence that you are using a complex causality in your review of economies. You seem to focus on only one variable: unions.

By the way, corruption functions as its own rigid regulator.

And what does Mexico’s economic rank have to do with unions? You totally ignore its embeddedess within the US economy, its offloading of its poorest class to the US, its input of billions from those illegal aliens..

]]> By: Samson http://pjmedia.com/blog/want-a-financial-crisis-impose-fairness/#comment-421765 Samson Thu, 15 Oct 2009 23:25:05 +0000 http://pajamasmedia.com/?p=69396#comment-421765 Oleg ...excellent series. I very much enjoyed reading it. ETAB ...thumbs up mr independant. you are incorrect on your analysis. Oleg is correct you are not. the economic crisis was a direct result of government intrusion (regulations and control) in the private free market capital system (basically no long a free market capitalist system by default of this intrusion) ..it is the liberals/socialists (mainly the democrat party) that created and oversaw the market crisis. (YES I KNOW YOU BLAME BUSH). Bank of America was paying "protection" money to Acorn. As to whether or not they escaped the sub-prime ...I don't know, but they were in really bad shape and I believe still are. ...so if it was because of sub-prime then what ?? to those who claim capitalism is a failed system ..show me one socialist system that is better. ..and if you can think of one why aren't you living there ? Oleg …excellent series. I very much enjoyed reading it.

ETAB …thumbs up

mr independant. you are incorrect on your analysis. Oleg is correct you are not.

the economic crisis was a direct result of government intrusion (regulations and control) in the private free market capital system (basically no long a free market capitalist system by default of this intrusion) ..it is the liberals/socialists (mainly the democrat party) that created and oversaw the market crisis. (YES I KNOW YOU BLAME BUSH).

Bank of America was paying “protection” money to Acorn. As to whether or not they escaped the sub-prime …I don’t know, but they were in really bad shape and I believe still are. …so if it was because of sub-prime then what ??

to those who claim capitalism is a failed system ..show me one socialist system that is better. ..and if you can think of one why aren’t you living there ?

]]> By: Mr. Independatn http://pjmedia.com/blog/want-a-financial-crisis-impose-fairness/#comment-421730 Mr. Independatn Thu, 15 Oct 2009 22:30:46 +0000 http://pajamasmedia.com/?p=69396#comment-421730 Robert F, Patrick Sarsfield, & luagha, If overregulation and the Community Reinvestment Act were responsible for the world-wide recession why did Bank of America completely avoid the sub-prime market. Your conclusions don’t stand up to scrutiny. lugha tip of the hat to you. You’re absolutely right. That reminds me of a favorite saying: What’s the difference between the DEMS and the REBS. A REB stabs you in the front and a DEM stabs you in the back. Robert F, Patrick Sarsfield, & luagha,
If overregulation and the Community Reinvestment Act were responsible for the world-wide recession why did Bank of America completely avoid the sub-prime market. Your conclusions don’t stand up to scrutiny.
lugha tip of the hat to you. You’re absolutely right. That reminds me of a favorite saying:
What’s the difference between the DEMS and the REBS. A REB stabs you in the front and a DEM stabs you in the back.

]]> By: Mr. Independant http://pjmedia.com/blog/want-a-financial-crisis-impose-fairness/#comment-421725 Mr. Independant Thu, 15 Oct 2009 22:22:13 +0000 http://pajamasmedia.com/?p=69396#comment-421725 ETAB, Yes Mexico ranks 49th in the world index of 193 countries. It has the highest rating of Latin America and almost all of the key indicators are above the world average. Also the number of regulators is a fraction of the US and the corruption of the government makes Mexico’s regulation a joke. So nice try. As to your belief that I’m confusing correlation with causation and that I’m ignoring the complexities of an economy is simply not true. I noticed that in your first statement your cited the HF and proof of this, however the ranking actually supports my position. Remember Mexico is ranked as the 11th largest economy in the world. On your second point, you didn’t cite any statement I made to support your opinion, was that an oversight? Now you quote that “you’re insisting that Mexico has no labor unions, which is untrue” is not a statement that I have ever made. I have stated that Mexico has virtually no organized labor in the private sector. You stated in a previous article the percentage of public/private union participation is “28%”; I’ve asked several times for you to provide proof that your quote is accurate, I’m still waiting. Try to remember the point of my comment is not just the protection the economy but also the workforce. ETAB,
Yes Mexico ranks 49th in the world index of 193 countries. It has the highest rating of Latin America and almost all of the key indicators are above the world average. Also the number of regulators is a fraction of the US and the corruption of the government makes Mexico’s regulation a joke. So nice try.
As to your belief that I’m confusing correlation with causation and that I’m ignoring the complexities of an economy is simply not true. I noticed that in your first statement your cited the HF and proof of this, however the ranking actually supports my position. Remember Mexico is ranked as the 11th largest economy in the world. On your second point, you didn’t cite any statement I made to support your opinion, was that an oversight?
Now you quote that “you’re insisting that Mexico has no labor unions, which is untrue” is not a statement that I have ever made. I have stated that Mexico has virtually no organized labor in the private sector. You stated in a previous article the percentage of public/private union participation is “28%”; I’ve asked several times for you to provide proof that your quote is accurate, I’m still waiting.
Try to remember the point of my comment is not just the protection the economy but also the workforce.

]]> By: biblio44 http://pjmedia.com/blog/want-a-financial-crisis-impose-fairness/#comment-421717 biblio44 Thu, 15 Oct 2009 22:08:40 +0000 http://pajamasmedia.com/?p=69396#comment-421717 6. Patrick Sarsfield: '@ Mr. Independant – “The current world-wide recession was caused in large part by deregulation” I’m afraid that’s part of the fairytale we’re getting from media....' Yes, fairy tales like climate change, evolution .... 6. Patrick Sarsfield: ‘@ Mr. Independant – “The current world-wide recession was caused in large part by deregulation” I’m afraid that’s part of the fairytale we’re getting from media….’

Yes, fairy tales like climate change, evolution ….

]]> By: luagha http://pjmedia.com/blog/want-a-financial-crisis-impose-fairness/#comment-421666 luagha Thu, 15 Oct 2009 21:11:41 +0000 http://pajamasmedia.com/?p=69396#comment-421666 To further counter Mr. Independant, the current crisis was not caused by 'deregulation'. It was caused by politicians keeping the regulators from regulating. Plenty of people knew that there were problems, that was was going on was foolish and fiduciarily illegal. But when the Securities and Exchange Commission folks and the Housing department folks tried to put a stop to it using their regulatory powers, they got hauled before Congress and shut down. (You can see these hearings on YouTube and in various linkings.) President Bush and even John McCain tried to stop it in 2001, 2003, 2005, and 2007 but were each time stymied by the threat of a unified Democrat filibuster led by Barney Frank and Chris Dodd. Why? Because it was making money and getting money donated to Democrats and getting money sent to ACORN for Democrat voter turnout. So why stop it? Well, we know why now... To further counter Mr. Independant, the current crisis was not caused by ‘deregulation’. It was caused by politicians keeping the regulators from regulating.

Plenty of people knew that there were problems, that was was going on was foolish and fiduciarily illegal. But when the Securities and Exchange Commission folks and the Housing department folks tried to put a stop to it using their regulatory powers, they got hauled before Congress and shut down. (You can see these hearings on YouTube and in various linkings.) President Bush and even John McCain tried to stop it in 2001, 2003, 2005, and 2007 but were each time stymied by the threat of a unified Democrat filibuster led by Barney Frank and Chris Dodd.

Why? Because it was making money and getting money donated to Democrats and getting money sent to ACORN for Democrat voter turnout. So why stop it? Well, we know why now…

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