In Dealing With the GOP on the Financial Crisis and Bailout, Nancy Pelosi Should Take a Page From J. P. Morgan
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The Need for Regulation & Oversight
Banks/companies that are Regulated are not experiencing any econimic crisis, just the investment banks/companies which are not regulated or de-regulated and have no oversight! "One of the regulations meant to keep insiders from driving down the prices of their own company’s stock so that they could sell short at will to make a quick million whenever they felt like it was called the “uptick rule”. The “uptick rule” is another one of the FDR Era regulations which the Heritage Foundations was talking about when they said that they wanted to roll this country back to the days of Herbert Hoover. They succeeded. The Bush administration got rid of this safeguard last year---with predictable results. The uptick rule is fairly simple. "
(And by the way, Sec. Paulson has a nickname only the insiders know of -- Hanky Panky Paulson!)
http://www.investopedia.com/terms/u/uptick...
Libtards caused the credit problem
but then claim its all bushes fault. How stupid to have banks loan money to people who cant pay it back just because it fit your socialist agenda.
