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| Home Front: Politix |
| Bernanke Blames China |
| 2010-11-20 |
| China didn't start this, Ben. The US did by over-emphasizing the housing market and not properly regulating wall street. Surely China isn't helping, but we can only blame ourselves for putting ourselves into this position in the first place. It's called survival of the fittest. And judging by the latest regulatory legislation, we aren't really trying to survive. |
| Posted by:gorb |
| #5 > not properly regulating wall street. That's not completely true, they are just a convenient victim, a symptom of the real cause. The cause? Too much credit. The cause of that too low reserves. The cause of that Basel2. First thing basel 3 did was raise reserves. Should have happened 10 years ago. |
| Posted by: Bright Pebbles 2010-11-20 10:56 |
| #4 Why not the Juice? |
| Posted by: g(r)omgoru 2010-11-20 08:19 |
| #3 "The migration of American industry to China must be stopped! These companies should be forced by the gov't to remain in the States, and go broke right here!" [sarc off] |
| Posted by: Besoeker 2010-11-20 07:35 |
| #2 ...and not properly regulating wall street. Remember the solution to failed government regulation is more regulation. /sarc off You don't need more regulation. You need regulators who will do their job. No one forces them to take the job. The job is not to be cozy with those they are charged with dealing with. The revolving doors between financial institutions and the government has got to end. |
| Posted by: Procopius2k 2010-11-20 07:19 |
| #1 That all should have been highlighted. Article at link. |
| Posted by: gorb 2010-11-20 02:23 |