isadore;991226 wrote:The problem was brought on by the deregulation of the banking industry, the movement toward a more unregulated market produced enormous suffering.

The banking industry was forced into bringing in clients that could not afford the loans that were being given to them. Take away that regulation, and the banks don't take as many risks. The market needs more deregulation not more regulation.

sleeper;991281 wrote:The banking industry was forced into bringing in clients that could not afford the loans that were being given to them. Take away that regulation, and the banks don't take as many risks. The market needs more deregulation not more regulation.

Needs both, stupid promotion of loans that aren't sustainable is obviously a bad idea as was getting rid of Glass-Steagall.

Regulations aren't inherently bad or good just like deregulation isn't always good.

sleeper;991281 wrote:The banking industry was forced into bringing in clients that could not afford the loans that were being given to them. Take away that regulation, and the banks don't take as many risks. The market needs more deregulation not more regulation.

The Glass Steagall Act and other regulatory legislation passed in the wake of the Stock Market Crash helped give us a stable banking and financial system. The repeal of GS, other regulatory legislation and lax enforcement of others lead to the collapse.

isadore;991339 wrote:The Glass Steagall Act and other regulatory legislation passed in the wake of the Stock Market Crash helped give us a stable banking and financial system. The repeal of GS, other regulatory legislation and lax enforcement of others lead to the collapse.

Sure it was part of it. But corrections need to be made in a deregulated market to clear all the junk from the system. The government does its best job to make that as difficult as possible, and that's the big problem here.

The big problem wasn't either of those two things but the combination of them.

A bank or banks failing isn't really a big deal in the big scheme of things but when we allow them to get so large via the removal of Glass-Steagall we are put in a situation where we are almost forced to bail out the banks lest we let ourselves go into a crisis. We especially had to do this since I believe we had already bailed out some banks before.

TLDR: Don't bail out companies doing poorly and don't allow banks to get so huge that them making poor business decisions could tank the economy.

sleeper;992216 wrote:Sure it was part of it. But corrections need to be made in a deregulated market to clear all the junk from the system. The government does its best job to make that as difficult as possible, and that's the big problem here.

With the Stock Market Crash and the Great Depression we have a largely unregulated industry collapsing, thousands of banks who had made dangerous investments closing and their depositors losing their money. Glass-Steagall passed, FDIC created, other regulations put into place and a stable financial system created. It functions well for decades. Then first we get deregulation of Savings and Loans leading to the S and L disaster of the 1980s then banking deregulation leading to the Great Recession. Of course in the period of deregulation John Kasich found a home at Lehman Brothers enriching himself as his firm and others lead us down the path of financial destruction. Then he would have the chutzpah to blame the state and local financial difficulties on public workers. It must have really made him feel good to see Issue 2 defeated in an off off (not a typo, just dont know if there is a correct term to describe these odd year elections) year election by several hundred thousand more votes than he received in his race for governor.

Meanwhile, back to topic, Kasich just lost Chiquita to North Carolina. Where are the jobs at you promised Gov?

http://news.cincinnati.com/article/20111129/BIZ01/311290018

Bigdogg;993274 wrote:Meanwhile, back to topic, Kasich just lost Chiquita to North Carolina. Where are the jobs at you promised Gov?

http://news.cincinnati.com/article/20111129/BIZ01/311290018

Dont be that hypocrite. You would be bitching up a storm had Ohio outbid NC

Bigdogg;993274 wrote:Meanwhile, back to topic, Kasich just lost Chiquita to North Carolina. Where are the jobs at you promised Gov?

http://news.cincinnati.com/article/20111129/BIZ01/311290018

More like Mark Mallory just lost Chiquita to North Carolina. The city of Cincinnati and Hamilton County handled about 95% of the negotiations.

Plus, they announced they were looking to leave Cincinnati about 14 months ago. Do you blame Kasich when your dog shits in the house too? :rolleyes:

The Chiquita move accounts for about 375 jobs. P&G just relocated almost 700 jobs to Ohio. Omnicare is bringing 500 jobs. The list goes on.....

if we only had recall.

LJ;993277 wrote:Dont be that hypocrite. You would be bitching up a storm had Ohio outbid NC

How is this different then when NCR left Dayton? Pot calling the kettle black LJ.
You people seem to have slective memory with all the things Kasich promised and the things he takes credit for.

Bigdogg;993516 wrote:How is this different then when NCR left Dayton? Pot calling the kettle black LJ.
You people seem to have slective memory with all the things Kasich promised and the things he takes credit for.

I didnt vote for Kasich herp derp

LJ;993521 wrote:I didnt vote for Kasich herp derp

Strickland (Dem) Matesz (Libertarian) Spisak (Green) Sargent (write in)?

isadore;993587 wrote:Strickland (Dem) Matesz (Libertarian) Spisak (Green) Sargent (write in)?

S

Strickland (Gun control)
Cordray (gun control)

LJ;993619 wrote:S

Strickland (Gun control)
Cordray (gun control)

I was guessing either Strickland on guns or Matesz

isadore;993463 wrote:if we only had recall.

Yeah. Sucks to be you I guess.

a small ray of light in the near future after the 2012 election
Article 2 Section 24 Ohio Constitution
A governor...may be impeached for any misdemeanor in office. There is no way someone as arrogant as Kasich will not commit some abuse power that will qualify as a misdemeanor.

fish82;993345 wrote:More like Mark Mallory just lost Chiquita to North Carolina. The city of Cincinnati and Hamilton County handled about 95% of the negotiations.

Plus, they announced they were looking to leave Cincinnati about 14 months ago. Do you blame Kasich when your dog shits in the house too? :rolleyes:

The Chiquita move accounts for about 375 jobs. P&G just relocated almost 700 jobs to Ohio. Omnicare is bringing 500 jobs. The list goes on.....

The end of the Governor’s statement suggests that Chiquita didn’t want to be in Ohio and had already made up its mind to leave. Assuming that is even true, can you imagine what Candidate Kasich would say if a company left Ohio and some suggested there was nothing to be done? Can you imagine if people had said that in Strickland’s defense?

Oh, wait, you already know that because that was exactly the situation with NCR. But don’t take my word for it, here’s what Republican Jon Husted said about NCR at the time:
[INDENT]“As a Monday morning quarterback, I can tell you there are probably lots of things that could have been done differently (by state and local officials), but I don’t think anything would have changed the outcome,” Husted said. “They (NCR executives) were never interested in engaging on the issue.” [Dayton Daily News 6/7/2009]
…
Jon Husted, an Ohio state senator, came away from the meeting feeling angry and frustrated. “They already knew they were leaving,” he said.
See, NY Times, supra.

http://www.plunderbund.com/2011/11/29/chiquita-is-more-like-ncr-than-kasich-will-admit/

[/INDENT]

Plunderbund!!!!!!!!!!!!!! :thumbup:

isadore;993769 wrote:a small ray of light in the near future after the 2012 election
Article 2 Section 24 Ohio Constitution
A governor...may be impeached for any misdemeanor in office. There is no way someone as arrogant as Kasich will not commit some abuse power that will qualify as a misdemeanor.

REAL leaders who must make structural change in order to preserve our future are often chastized and derided, such as you do. But without them we would have already evolved into a Greece-like scenario. You may want Greece's economic chaos; I would rather advocate for fiscal sanity and sound management of taxpayer funds. Thank God for Governor Kasich and the others in the legislature who have the foresight and fortitude to do what is necessary for the sake of all Ohioans.

QuakerOats;994855 wrote:REAL leaders who must make structural change in order to preserve our future are often chastized and derided, such as you do. But without them we would have already evolved into a Greece-like scenario. You may want Greece's economic chaos; I would rather advocate for fiscal sanity and sound management of taxpayer funds. Thank God for Governor Kasich and the others in the legislature who have the foresight and fortitude to do what is necessary for the sake of all Ohioans.

We john kasich, a man who enriched himself working as a regional director for a financial institution that sold bad investment to ohio retirement funds and pushed our nation into the worse economic collapse in 75 years. Then he was elected by minority of the 2010. He took this non mandate as an excuse to carry on a corporationist vendetta against the public workers of our state. The voters gave him a humiliating defeat in this effort 62 to 38%. If we only had recall.

fish82;994543 wrote:Plunderbund!!!!!!!!!!!!!! :thumbup:

Kasich had alternatives in his tax cuts. He preferred to give corporations and the rich tax breaks while forcing communities, workers and the poor suffer.
http://www.policymattersohio.org/wp-content/uploads/2008/09/FactSheetTaxLoopholes2011_04.pdf
http://www.policymattersohio.org/wp-content/uploads/2011/10/LimitingLoopholesTable2008.pdf
http://www.policymattersohio.org/wp-content/uploads/2011/10/LimitingLoopholes2008ExecWeb-1.pdf

isadore;995713 wrote:We john kasich, a man who enriched himself working as a regional director for a financial institution that sold bad investment to ohio retirement funds and pushed our nation into the worse economic collapse in 75 years. Then he was elected by minority of the 2010. He took this non mandate as an excuse to carry on a corporationist vendetta against the public workers of our state. The voters gave him a humiliating defeat in this effort 62 to 38%. If we only had recall.

The unbiased voters did not give him a defeat at all. They voted nearly 100% for Issue 2 / SB5. Rather it was those feeding at the public trough and those indirectly benefiting from same that voted in majority numbers to defeat SB5. The math is easy: 400,000 public workers + spouse + 2 parents = enough votes to win the majority ---- it simply means the deck is stacked. I am pretty sure even you can understand this.


The bottom line is, and as great observor's have stated - "When the people find that they can vote themselves money, that will herald the end of the republic."

It's pretty simply, we either institute the reforms and get unions out of government, or we start bouncing checks. Pick one.

Bigdogg;996142 wrote:

Yeah...that would be meaningful if I EVER used Fox News as a source. Another face plant...you're on fire today. :laugh: