Timbo - it is true the banks are sitting on capital and not lending. However, the bulk of the new rules don't go into effect until this summer.
It isn't regulation that is gumming up the lending system. Some banks just got religion and are sitting tight on their cash.
A lot of small business people (my uncle, for one) have lost their lines of credit because of banks pulling back during the recession and because of damaged credit from extended unemployment and home foreclosures.
Other 'banks' are playing their last two months in the markets (like JP Morgan Chase) to see how much of their own money they can lose before they have to start being banks again.
The lending system does need to be fixed and most of the real work will have to be done by the banks themselves. So far, they have shown little appetite for the job.
Just cutting regulations is using a chain saw to do heart surgery.
This argument actually goes right back to the Pilgrims. The Church of England had to approve all marriages which made life rather difficult for "noncomformists" - including all the sects that came here such as Baptists, Quakers, Presbyterians, and the rest.
A great number of the Mayflower's passengers were married in Holland, where civil marriages were allowed, and brought the practice with them. One of our oldest and most cherished values is to let those with beliefs other than one's own, live their lives with dignity, respect, and equal rights.
I hear what you are saying, Alprova. I'm also going to hold posting until the mud-wrestling stops. It's a pity what three or four munchkins thinking they must show the world how manly they are can do to a good forum.
Actually, Boehner said the same thing about the oil company subsidies about a year ago. Here is the IRS page on the special "Oil Depletion Allowance" (one of the eight tax breaks oil companies get that are being reviewed.
Good piece in the Wall Street Journal about Karl Rove's sugar daddy, H.C. Simmons. I have always been amused when men with really deep pockets get a chip on their shoulder.
I saw one *sshole spend a ton on a billboard across the street from his old office. He did it just to post messages for the chairman who ousted him as CEO of a big tech firm.
Turns out Simmons is willing to toss away cash at the GOP because he is still sore that he got caught breaking the law on pension funds investments.Being rich doesn't mean you can't act like an 8 year old.
I'm sure Rove is laughing all the way to the bank.
Deregulation
Timbo - it is true the banks are sitting on capital and not lending. However, the bulk of the new rules don't go into effect until this summer.
It isn't regulation that is gumming up the lending system. Some banks just got religion and are sitting tight on their cash.
A lot of small business people (my uncle, for one) have lost their lines of credit because of banks pulling back during the recession and because of damaged credit from extended unemployment and home foreclosures.
Other 'banks' are playing their last two months in the markets (like JP Morgan Chase) to see how much of their own money they can lose before they have to start being banks again.
The lending system does need to be fixed and most of the real work will have to be done by the banks themselves. So far, they have shown little appetite for the job.
Just cutting regulations is using a chain saw to do heart surgery.
Presidential Seal
This argument actually goes right back to the Pilgrims. The Church of England had to approve all marriages which made life rather difficult for "noncomformists" - including all the sects that came here such as Baptists, Quakers, Presbyterians, and the rest.
A great number of the Mayflower's passengers were married in Holland, where civil marriages were allowed, and brought the practice with them. One of our oldest and most cherished values is to let those with beliefs other than one's own, live their lives with dignity, respect, and equal rights.
The Hitchhiker
I hear what you are saying, Alprova. I'm also going to hold posting until the mud-wrestling stops. It's a pity what three or four munchkins thinking they must show the world how manly they are can do to a good forum.
RTA advertisement (NSW, Australia) by percusso
Back when things calm down. Keep up the great work, Clay!
The Hitchhiker
Actually, Boehner said the same thing about the oil company subsidies about a year ago. Here is the IRS page on the special "Oil Depletion Allowance" (one of the eight tax breaks oil companies get that are being reviewed.
ABC News
The Hitchhiker
The GOP gained so many votes by stumbling its way into women's lives last time, I'm sure they will thank you for bringing that up again.
But if you must:
Rolly writes:
After you have a TV show, write a book, and buy a bus you it's really hard to say you are just a poor little soccer mom from Wasilla.
Even if it is largely true.
I'm thinking about running for dog catcher some day. Does that make me a celebrity?
The Hitchhiker
Certainly "a" Francis, if not "the" Francis.
'night all.
The Hitchhiker
Don't feed the troll. At least the all caps makes skipping past quick and easy.
The Hitchhiker
The GOP wanted to feed the media and hold the national attention with a raft of debates and unlimited funding sources to pay for ads.
Not a bad strategy, but there really isn't any candidate who will look good after that much high octane attention.
If the GOP is ready to move on to an old fashioned national strategy, you've got to figure out how to put all the clowns back in the clown car.
The Hitchhiker
Good piece in the Wall Street Journal about Karl Rove's sugar daddy, H.C. Simmons. I have always been amused when men with really deep pockets get a chip on their shoulder.
I saw one *sshole spend a ton on a billboard across the street from his old office. He did it just to post messages for the chairman who ousted him as CEO of a big tech firm.
Turns out Simmons is willing to toss away cash at the GOP because he is still sore that he got caught breaking the law on pension funds investments.Being rich doesn't mean you can't act like an 8 year old.
I'm sure Rove is laughing all the way to the bank.
WSJ
The Hitchhiker
Romney would have have liked 1953. Neither Etch-A-Sketch or video tape would have been a hazard to his campaign.