Originally Posted By: Kanektok Kid
Because Phil is a jaca##, that's why.......................... grin

I see goot_gay is back after his stint as a male prostitute...................at least he had a job.

The US economy is in for some very serious problems. I figured about 8 months ago the Dow would see 11 k before 14, and today I saw I was correct.

I now figure it will see 9 k before 12 k, and can't see any reason to think otherwise.

De regulation is a wingnut mantra, and so I wouldn't expect anything else from boot_gay, even though anyone with half a brain would know what happens with unregulated markets, especially those having anything to do with banks, or insurance companies.

Prepare to bail these guys out, and just like the other bailouts , it'll be done on borrowed money.

Save America, hang a Republican from your nearest lampost, and beat them with your shoe.


I'm resurrecting this thread today because I found out that not only did Phil Gramm's handywork screw the home mortgage business, it also created a loophole for the commodities trading market.

The stock market was regulated after the 1929 crash to prevent speculative trading and commodities were to be outside the influence of speculation. Thanks to Phil and his cronies, commodities futures can now be bought and sold by traditionally "non-commercial" entities such as hedge funds and banks. These groups (and others, presumably) are the driving force behind the surge in oil prices.

The American people have been totally fukked by Gramm and his corporate overseers. Get a rope! mad beathead
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