Quote:
Originally Posted by NetHorse
You can thank Obama. Clown doesn't realize that his regulations on big businesses and banks eventually end up costing consumers.
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Are you that fucking stupid?
Where do I start?
A)Oh yeah the PRESIDENT doesn't make legislation CONGRESS does. Try going back to high school and taking civics class. Bush wanted to privatize Social Security and had a republican controlled Congress. How is that going? Oh wait he was President not king and Congress told to to hold the fuck up THEY make the laws not him and they weren't going to do it.
B) Yeah no regulations on bank is what got us into this housing mess. So if anything it prove regulation are needed. remember the Great Depression. something made worse by no regulations on banks. Ever hear of the Savings and Loan scandal of the 1980's? Another shit pile caused by no regulation.
C) Banks are not raising cost because of regulations. If you removed 100% of regulations BofA would still be doing this. In fact it would probably be charging $20 a month instead without regulations. WHY? Because they are greedy fucks and they can get away with it.
If you think banks would lower fees if they had no regulations then you are so stupid there is not even a scale to measure the infinite degree of retardedness you have.