We're in a Recession Because ...

Accountable said:
They're not in control? They haven't purchased Washington politicians lock, stock, and barrel? If all regulation were taken away, most large corporations would fail and collapse.
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Exactly, they've bought the politicians so they're not controlled by them. They control the politicians. In the same way the UK is run by a cabal of shadowy banking institutions, the US is run by corporations.
 
edgray said:
Wall Street is neither in control nor under control. they are a bunch of money grabbing parasites that suck the life out of society and do so with minimal regulation (regulation that generally favours what they want to do anyway). It's a free-for-all, where a few get to gamble with societies future.
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Take away controls and regulations and you get that from any organization..

This is why Canadian Banking remained so strong and stable during the collapse in this last recession. Our previous Liberal Government had structures in place to prevent the kind of issues faced by most of those who fell apart worldwide. Our new Conservative Government was looking to relax those rules and make the system much more American when the system failed in the US and they had to shift policies real fast..

How ironic...

I had to laugh when I saw someone on the Huffington Post state that Canadian Banking was the same as Canadian Health Care.. BULLSHIT.. Man was he ever put down by many others who knew better.. The US Propaganda machine at it's best..
 
Accountable said:
They encourage such behavior when they are supposed to be the ones that block it.
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So you are coming out in favor of government controls? :p

Francis said:
Take away controls and regulations and you get that from any organization..

This is why Canadian Banking remained so strong and stable during the collapse in this last recession. Our previous Liberal Government had structures in place to prevent the kind of issues faced by most of those who fell apart worldwide. Our new Conservative Government was looking to relax those rules and make the system much more American when the system failed in the US and they had to shift policies real fast..

How ironic...

I had to laugh when I saw someone on the Huffington Post state that Canadian Banking was the same as Canadian Health Care.. BULLSHIT.. Man was he ever put down by many others who knew better.. The US Propaganda machine at it's best..
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Regarding your ironic statement, incredibly ironic that Canada does something better than the U.S. ;) I'm kidding, but that is how some of our "we're better than the world" people think. The irony as you pointed out is that someone in Canada have dodged a 50 caliber economic bullet wants to relax regulations so someone can make more money too regardless of what it does to the overall economy! :p

Are you saying that someone at Huffington Post was bad mouthing or praising Canada Banking/Health Care? You have a link?
 
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Minor Axis said:
lol. I couldn't help it. :D (pats Accountable's shoulder)
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Youuuuuuu ......
Dippie.gif
 
edgray said:
Accountable, hammer out how you'd deal with Wall Street for us, as I'm a little confused as to your standpoint here.
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First off, I'd take away any illusion that a corporation or any other organization is a person with it's own separate set of rights or ability to lobby or influence the workings of government in any way. The inevitable exception would be organizations assembled specifically for political purposes.

Legislatively, I'd take away most legislation regarding the functions of business, leaving only those laws that are designed to keep honest people honest - meaning truth in advertising, food safety, that kind of thing. I would minimize even them, with an eye toward preventing the red tape from becoming too onerous for a small businessman to enter a given industry.

I would put in place a calculation designed to identify when a company met the criteria of "Too Big To Fail" and force it to break itself into smaller pieces that would not do undue damage to the economy should it fail. I'm thinking of Ma Bell, that was broken into regional corporations.

Publicly traded corporations would lose the protections we give private corporations. It's one thing to shield an entrepreneur from losing his house in a venture gone wrong. It's completely different for an established corporations with thousands of shareholders. Those business owners and executives should not be shielded for their company's nefarious activities, if any.

That's enough kindling for ya'll to burn me at the stake.
 
Accountable said:
Youuuuuuu ......
Dippie.gif
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Oww! That fish took my eye out!! (The price of forum participation)

Accountable said:
First off, I'd take away any illusion that a corporation or any other organization is a person with it's own separate set of rights or ability to lobby or influence the workings of government in any way. The inevitable exception would be organizations assembled specifically for political purposes.

Legislatively, I'd take away most legislation regarding the functions of business, leaving only those laws that are designed to keep honest people honest - meaning truth in advertising, food safety, that kind of thing. I would minimize even them, with an eye toward preventing the red tape from becoming too onerous for a small businessman to enter a given industry.

I would put in place a calculation designed to identify when a company met the criteria of "Too Big To Fail" and force it to break itself into smaller pieces that would not do undue damage to the economy should it fail. I'm thinking of Ma Bell, that was broken into regional corporations.

Publicly traded corporations would lose the protections we give private corporations. It's one thing to shield an entrepreneur from losing his house in a venture gone wrong. It's completely different for an established corporations with thousands of shareholders. Those business owners and executives should not be shielded for their company's nefarious activities, if any.

And I'd cap executive salaries at max of $1 million per year including all stock and misc bonuses.

That's enough kindling for ya'll to burn me at the stake.
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I really like the last one. Actually all of this sounds pretty good.
 
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Minor Axis said:
Regarding your ironic statement, incredibly ironic that Canada does something better than the U.S. ;) I'm kidding, but that is how some of our "we're better than the world" people think. The irony as you pointed out is that someone in Canada have dodged a 50 caliber economic bullet wants to relax regulations so someone can make more money too regardless of what it does to the overall economy! :p

Are you saying that someone at Huffington Post was bad mouthing or praising Canada Banking/Health Care? You have a link?
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Sorry Minor, I had been wanting to get this for you, but......................:willy_nilly:

Here is the link and what I was mentioning is in the comments below..

http://www.huffingtonpost.com/2010/03/25/canadian-banking-is-not-t_n_512715.html
 
Accountable said:
First off, I'd take away any illusion that a corporation or any other organization is a person with it's own separate set of rights or ability to lobby or influence the workings of government in any way. The inevitable exception would be organizations assembled specifically for political purposes.

Legislatively, I'd take away most legislation regarding the functions of business, leaving only those laws that are designed to keep honest people honest - meaning truth in advertising, food safety, that kind of thing. I would minimize even them, with an eye toward preventing the red tape from becoming too onerous for a small businessman to enter a given industry.

I would put in place a calculation designed to identify when a company met the criteria of "Too Big To Fail" and force it to break itself into smaller pieces that would not do undue damage to the economy should it fail. I'm thinking of Ma Bell, that was broken into regional corporations.

Publicly traded corporations would lose the protections we give private corporations. It's one thing to shield an entrepreneur from losing his house in a venture gone wrong. It's completely different for an established corporations with thousands of shareholders. Those business owners and executives should not be shielded for their company's nefarious activities, if any.

That's enough kindling for ya'll to burn me at the stake.
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no need for burning, they seem seem like pretty sensible solutions to me.

all of this would be completely unnecessary when we've removed the monetary system though, which is something that has to be done.
 
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