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DwnWthVwls 01-23-2017 01:09 PM

Quote:

Originally Posted by Frownland (Post 1798856)
Uh huh. What superior media did you find this out from?

Quote:

Originally Posted by elphenor (Post 1798884)
There's a case to be made that banking deregulations done under Clinton's administration was what made the collapse so bad

But what's described in that article is mostly nonsense trying to find a way to spin a collapse that was caused by a lack of regulation in a period of massive deregulation as somehow caused by gov interference

Is there any sort of economic/political equivalent to scientific peer reviewed articles? How the hell do you find reliable sources for this kind of crap?

Frownland 01-23-2017 01:11 PM

Quote:

Originally Posted by DwnWthVwls (Post 1798893)
Is there any sort of economic/political equivalent to scientific peer reviewed articles?

My sides!

Quote:

How the hell do you find reliable sources for this kind of crap?
You can't. I think the best approach is to look at what's being reported across the board, try to find the origin of the story, and compare it all to affirm whatever idea you already believe.

elphenor 01-23-2017 01:56 PM

Quote:

Originally Posted by DwnWthVwls (Post 1798893)
Is there any sort of economic/political equivalent to scientific peer reviewed articles? How the hell do you find reliable sources for this kind of crap?

There is in some cases to a degree

In this specific case however it's a matter of basic reason and understanding of the financial collapse that will let you see the author of the article is trying to spin things to avoid some of his fundamental views from being challenged

30+ years of the largest spree of deregulation occurred prior to the collapse and that was the cause
We even know specifically which regulations were holding things together

elphenor 01-23-2017 02:03 PM

Another way to answer your question is that in political science the "hard data" type evidence (it's still not the same but closest we have) is historical

We look at the past to see how policies turn out, there are a mass amount of experiments that have already been done for us

The issue ofc is how we interpret that data

DwnWthVwls 01-23-2017 02:39 PM

Cant say im surprised.

Chula Vista 01-23-2017 02:54 PM

Reagan's trickle down economic policies and massive de-regulations of big banks and Wall Street were definitely the main starting point for what cultivated the 2008 collapse. Trickle down was a massive failure a deregulation allowed the banks and brokers to run around like kids in a candy store with a MORE MORE MORE giddy mentality. Clinton and Bush definitely added to things but by then the banks and wall street were not going to stop their evil ways - damn any torpedoes. They have two of the largest, powerful, and influential lobbies in Washington. This is from the 1987 movie Wall Street for anyone not familiar. These were the types on dudes that Reagan empowered while removing any restraint from how they did business.



And this directly related to how the crash went down.


elphenor 01-23-2017 03:01 PM

Quote:

Originally Posted by Chula Vista (Post 1798948)
Reagan's trickle down economic policies and massive de-regulations of big banks and Wall Street were definitely the main starting point for what cultivated the 2008 collapse. Trickle down was a massive failure a deregulation allowed the banks and brokers to run around like kids in a candy store with a MORE MORE MORE giddy mentality. Clinton and Bush definitely added to things but by then the banks and wall street were not going to stop their evil ways - damn any torpedoes. They have two of the largest, powerful, and influential lobbies in Washington. This is from the 1987 movie Wall Street for anyone not familiar. These were the types on dudes that Reagan empowered while removing any restraint from how they did business.


This is all true but let's not forget that Bill Clinton signed the repeal of Glass Steagall the most important regulation on banks that we still haven't fully gotten back

It's really a question of whether Bill is an idiot, or he was bought, he doesn't get off the hook for having a D next to his name

Chula Vista 01-23-2017 03:04 PM

Quote:

Originally Posted by elphenor (Post 1798952)
This is all true but let's not forget that Bill Clinton signed the repeal of Glass Steagall the most important regulation on banks that we still haven't fully gotten back

It's really a question of whether Bill is an idiot, or he was bought, he doesn't get off the hook for having a D next to his name

Agreed.

https://en.wikipedia.org/wiki/Declin...93Steagall_Act

Thing is that Glass Steagall had been getting chipped away at for decades. By the mid 90s you had many arguing that a full repeal would actually be in the best interest of consumers. Maybe those who wanted it kept on the books didn't make a good enough case.

elphenor 01-23-2017 03:20 PM

Bill argues that no part of it caused the financial collapse and to the dismay of opportunistic Republicans trying to put responsibility on Democrats he's totally right.

The thing is while it didn't light the match it poured gasoline on the tinder

It may have been better for consumers in the short term but that ignored what the point of these regulations are, it's basically an attempt at a half-assed Republican style defense of deregulation

Frownland 01-23-2017 04:08 PM

https://www.theatlantic.com/health/a...policy/514010/

Now that's ****ed. Unwanted kids is only gonna hurt the economy. We need to flush as many as we can.


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