government oversight

[beaglechase]

do you feel some agency should have been over the banking and financial instituions, to got ahold of this thing, before it got in the codition that it is today....?

[Rabbithoundjb]

NO!!!!!!!! BC you have government committees for that, the banks failed because the legislation failed (how many times do I have to say that). The law makers allowed people to finance what they could not pay for. I see this all the time, people basing their budget on overtime and borrowing to the extent they can afford with NO regard to hidden occurences, like gas prices doubling without warning, grocery prices jumping, luxery items (like all of our dogs) cost rising etc.

Some of you guys just dont get it.

[beaglechase]

NO!!!!!!!! BC you have government committees for that, the banks failed because the legislation failed (how many times do I have to say that). The law makers allowed people to finance what they could not pay for. I see this all the time, people basing their budget on overtime and borrowing to the extent they can afford with NO regard to hidden occurences, like gas prices doubling without warning, grocery prices jumping, luxery items (like all of our dogs) cost rising etc.

Some of you guys just dont get it.

rabbithoundjb I realized what you said, and that part is why I asked the question, and I'm glad you mentioned, the government, legislation, failed us, I know they need to change some things, but we talk about more government, or less government, do you feel, we need some oversight, about all this money, that it should be used for the majority not the minority, and let the banks who allowed bad loans to face the music, when there is no profit for the government, when they are doing well. I believe jb you would be the one, that most likely, could hold a reasonable conversation, from what I have noticed, any time you disagree, with the opposite side, name calling and put people down, is by far the way to clarify if someone is ignorant or not,,,,,

[Rabbithoundjb]

BC oversight and regulation should be handled by the law makers we elected to do that. Not more government or some outside agency. Until our elected officials are held accountable for their actions (that can only be done at the poles) by the voters, we are in trouble.

[beaglechase]

BC oversight and regulation should be handled by the law makers we elected to do that. Not more government or some outside agency. Until our elected officials are held accountable for their actions (that can only be done at the poles) by the voters, we are in trouble.

well rabbithoundjb wouldn't that mean both parties have dropped the ball on this? could you have confidence in either party? since they both failed so miseryable?

[Rabbithoundjb]

YES BC to a degree you are right, neither is without fault. I have never said the republicans haven't made mistakes. In addition we the people own some of the blame.

[beaglechase]

YES BC to a degree you are right, neither is without fault. I have never said the republicans haven't made mistakes. In addition we the people own some of the blame.

VERY TRUE

[tommyg]

Republicans aren't far be hind Democrats in their thinking. Bush tried to spend to much a big mistake and it cost the Republicans,people are tired of the spending and big Government.

[bluemouse]

The New Sec of treasure want more power to over see banks and insurance companies, he is going to use the same agency forks that let badoff steal 65 billion dollars, talk about letting the fox graud the hen house.