Repeated the same lie doesn't seem to bother you at all. Then again lying is considered an art form by the GOP
In 2004, at the request of the major Wall Street investment houses, including Goldman Sachs, then headed by Paulson, the U.S. Securities and Exchange Commission agreed unanimously to release the major investment houses from the net capital rule, the requirement that their brokerages hold reserve capital that limited their leverage and risk exposure. The complaint that was put forth by the investment banks was of increasingly onerous regulatory requirements -- in this case, not U.S. regulator oversight, but European Union regulation of the foreign operations of US investment groups. In the immediate lead- up to the decision, EU regulators also acceded to US pressure, and agreed not to scrutinize foreign firms' reserve holdings if the SEC agreed to do so instead. The 1999 Gramm-Leach-Bliley Act, however, put the parent holding company of each of the big American brokerages beyond SEC oversight. In order for the agreement to go ahead, the investment banks lobbied for a decision that would allow "voluntary" inspection of their parent and subsidiary holdings by the SEC During this repeal of the net capital rule, SEC Chairman William H. Donaldson agreed to the establishment of a risk management office that would monitor signs of future problems. This office was eventually dismantled by Chairman Christopher Cox, after discussions with Paulson. According to the New York Times, "While other financial regulatory agencies criticized a blueprint by Mr. Paulson, the [new] Treasury secretary, that proposed to reduce their stature — and that of the S.E.C. — Mr. Cox did not challenge the plan, leaving it to three former Democratic and Republican commission chairmen to complain that the blueprint would neuter the agency."[11] In late September 2008, Chairman Cox and the other Commissioners agreed to end the 2004 program of voluntary regulation. On Oct 18, 12:35 pm, Gaar <[EMAIL PROTECTED]> wrote: > Yes, it seems to be... > > Guess asking you to ponder what will happen to this Country by putting > one of the Main players of our Financial disaster in Charge is a > little too much. > > On Oct 17, 6:32 pm, wncs <[EMAIL PROTECTED]> wrote: > > > > > I guess asking certain people to ponder something is asking too much. > > > On Oct 17, 9:23 pm, mark <[EMAIL PROTECTED]> wrote: > > > > barry would have spilled his guts and taken the first offer of > > > release. and I am sure he would have sold out any of his fellow > > > prisoners first chance he got. > > > > On Oct 17, 9:20 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > > What if you had included being a tortured POW in the what if's for > > > > Obama? > > > > > On Oct 17, 6:03 pm, wncs <[EMAIL PROTECTED]> wrote: > > > > > > What if.... > > > > > What if the Obamas had paraded five children across the stage, > > > > > including a three month old infant and an unwed, pregnant teenage > > > > > daughter? > > > > > > What if John McCain was a former president of the Harvard Law > > > > > Review? > > > > > > What if Barack Obama finished fifth from the bottom of his graduating > > > > > class? > > > > > > What if McCain had only married once, and Obama was a divorcee? > > > > > > What if Obama was the candidate who left his first wife after a severe > > > > > disfiguring car accident, when she no longer measured up to his > > > > > standards? > > > > > > What if Obama had met his second wife in a bar and had a long affair > > > > > while he was still married? > > > > > > What if Michelle Obama was the wife who not only became addicted to > > > > > pain killers but also acquired them illegally through her charitable > > > > > organization? > > > > > > What if Cindy McCain graduated from Harvard? > > > > > > What if Obama had been a member of the Keating Five? (The Keating > > > > > Five were five United States Senators accused of corruption in 1989, > > > > > igniting a major political scandal as part of the larger Savings and > > > > > Loan crisis of the late 1980s and early 1990s.) > > > > > > What if McCain was a charismatic, eloquent speaker? > > > > > > What if Obama couldn’t read from a teleprompter? > > > > > > What if Obama was the one who had military experience that included > > > > > discipline problems and a record of crashing seven planes? > > > > > > What if Obama was the one who was known to display publicly, on many > > > > > occasions, a serious anger management problem? > > > > > > What if Michelle Obama’s family had made their money from beer > > > > > distribution? > > > > > > What if the Obamas had adopted a white child? > > > > > > You could easily add to this list. If these questions reflected > > > > > reality, do you really believe the election numbers would be as close > > > > > as they are?- Hide quoted text - > > > > - Show quoted text -- Hide quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
