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I am surprised that someone other then FOX News would write an article about this... let alone put it on the interweb.

http://articles.moneycentral.msn.com/Investing/Extra/did-clinton-cause-the-banking-crisis.aspx

Now haven’t the "Crazy" right wing radio talk show hosts been telling us this since it happened? ?

What's funny is they missed the big one: Commodity Futures Modernization Act of 2000. Clinton signed it as a lame-duck.

Signed in to law with the help of hes Republican congress, while every watch-dog and expert did nothing. Clinton is to blame as much the rest of the country who went along with it. Bubble and bust has been going on for years. Greed caused this mess.

nuh uhhh.... its all bushes fault.

oh god lord when will people learn that its no humans fault.
its the aliens controoling the goverment.
but seriously its no ones single fault. not aig,not bush,not clinton,,not the banks, not the big 3. NO ONE
Every one is acting like enviromentalist with forest fires.
Oh we have to save the forest from a natural occurence.
economic lows are part of capitalism and we will recover.
we alway do.

Economics is a tidal force, those who understand this truth use the tide to their advantage, and the best means of doing this is the most immoral, to encourage others to move against the ide or set sil at the wrong time, then reap their assets when they fail when the tide turns.

Now is the real time for the real entrpreneurs to make real money, the boom is for the herd.

Debt and credit, boom and bust. These are the economic cycles.

If you have a steady job (i.e. in health or the public service or emergency services) and aren't buying shares since the market tanked, you are insane.

We took a hit on our share portfolio to the tune of 30%, but thanks to the drop in the cost of buying shares we have already caught back up and passed where we would have been if the market has kept at the height it was.

And as we never sell shares, just enjoy the fully franked dividends each year we don't actually lose any money when the market goes down, sure our paper volume drops but we aren't in it for the value, just the dividends.

Orlanth wrote:Now is the real time for the real entrpreneurs to make real money, the boom is for the herd.

Amen!

Orlanth wrote:
Now is the real time for the real entrpreneurs to make real money, the boom is for the herd.

QFT.

Now I just need a job that doesn't deal in luxuries.

This may be an historic buying opportunity. We don't know if stocks will get this cheap again in our lifetime.

However, people should remember that sometimes stocks are cheap for valid reasons. Let the buyer beware.

GM and Chrysler are fantastic buying opportunities!

JohnHwangDD wrote:GM and Chrysler are fantastic buying opportunities!

since the gov owns them, and it get the money from taxs... shouldent the people be getting a check from the gov for the dividends????

like THAT will ever happen...

i am waiting for the day when i get my car paied off to invest, still living at home so the car is my only major expense...

should be able to pay it off in at most 3 months... then i will be getting most all of my paycheck in da bank account

Actually, given that we paid for everything, we taxpayers should be getting shares in New GM and New Chrysler, not just the dividends.

gorgon wrote:This may be an historic buying opportunity. We don't know if stocks will get this cheap again in our lifetime.

However, people should remember that sometimes stocks are cheap for valid reasons. Let the buyer beware.

Or they may be much cheaper in five months.

Envy89 wrote:I am surprised that someone other then FOX News would write an article about this... let alone put it on the interweb.

http://articles.moneycentral.msn.com/Investing/Extra/did-clinton-cause-the-banking-crisis.aspx

Now haven’t the "Crazy" right wing radio talk show hosts been telling us this since it happened? ?

You can go back to the early 80s and probably before that to see bi-partisan support for de-regulation and encouraging lending and borrowing. This was embraced by both sides, and picking out the policies enacted under one president while ignoring the Republican control of the congress, and ignoring the policies introduced under other presidents... well that's what puts the 'crazy' into 'crazy wing radio talk show host'.

And you also have to remember, shock and surprise, that this isn't just an American issue. Many countries formed similar policies, and now have financial systems in similar problems, in some cases they're in even worse shape. This doesn't just go beyond Democrats and Republicans, it goes beyond US politics.

Orlanth wrote:Economics is a tidal force, those who understand this truth use the tide to their advantage, and the best means of doing this is the most immoral, to encourage others to move against the ide or set sil at the wrong time, then reap their assets when they fail when the tide turns.

Sort of. There will always be booms and busts in the economy. But some swings of the cycle can be moderated or even removed with decent policy. The policies in this case did the exact opposite, increasing the bubble and thereby worsening the bust.