Five Years Since Financial Collapse, And What Has Been Learned? NOTHING!

Five years ago this week, the financial markets on Wall Street collapsed, and America fell into the Great Recession, which many might consider the Second Great Depression, now five years long, despite claims the Great Recession is over.

Lack of proper regulation of Wall Street and the banking industry, a result of GOP control of Congress for 12 years, and a Republican President, George W. Bush for 8 years, along with some manipulation by leading Democrats, led to the worst economic outlook since 1941, and even now, five years later, with the improved economic conditions, employment will not return to pre 2008 levels until 2020 at the rate of job creation now existing!

A lot of this reality is due to refusal of the Republican Party to cooperate on legislation to create and encourage jobs, including infrastructure jobs and promotion of education training, and working to return overseas jobs to America.

But also, the Obama Presidency has not worked adequately to reform the banking structure and Wall Street, and the possibility of Larry Summers being Federal Reserve Board Chairman is precisely the WRONG thing to do, as he is part of the problem that led to 2008, and is an arrogant, overbearing, obnoxious individual who should be told to “take a hike”, with Janet Yellen the far better candidate to be the head of the Fed!

So if it going to take a grand total of TWELVE years from beginning to end for this Great Recession to be over, how is that different from the Great Depression which lasted from 1929 to 1941?

Meanwhile, a whole generation of people are suffering in terms of employment, something that will scar their future, and that of the American economy!

This is a very sad, troubling situation that must not be allowed to happen again, but it seems as if NOTHING has been learned!

30 comments on “Five Years Since Financial Collapse, And What Has Been Learned? NOTHING!

  1. Eugene September 10, 2013 4:22 pm

    Well if Bush and Obama followed basically the same policies as Hoover and FDR, how on earth is one to expect a different result? Hoover began the first bailouts, stimulus and interventions as did Bush. FDR after campaigning to do exactly the opposite of Hoover ( who also rose taxes and tarrifs) did a Hoover on steriods. Thus unemployment remained ridiculously high through the 30’s rendering the New Deals ridiculous policies a failure. And now we have Obama following the footsteps of FDR, in other words we have another economic failure with more than 90 million Americans not working!!!

  2. Jane Doe September 10, 2013 7:23 pm

    Lulz! FDR got us out of Hoover’s mess!

  3. Engineer Of Knowledge September 10, 2013 9:26 pm

    Hey Guys,
    I might add that in FDR’s time he still had U.S. manufacturing base. In the Harvard Classic collection, there in a book called, “Wealth of Nations.”. In summation, the lesson is, the nation that supplies raw materials will be the enslaved poor and the nation that performs the “Value Added” manufacturing into sellable goods from converting the raw material, will be the nation of wealth.

    The battle the President has is manufacturing was all sent to China and the Far East by Dubba Bubba Bush. Manufacturing is just now returning back to this country by the industry the President bailed out….the Auto Industry.

  4. Ronald September 11, 2013 12:26 am

    Thanks, all of you, for pointing out the drastic differences between the truth and Eugene’s reality. FDR’s New Deal made the Great Depression much less severe, as Obama’s work, without GOP help, has helped an American revival, although certainly not enough. I love how Hoover is made out to be a a progressive, when he was clearly a conservative who finally understood that SOME intervention by government, though belatedly, was necessary in the worst moments of the Great Depression. Eugene lives in his own parallel world, where up is down and in is out, really very sad indeed!

  5. Ronald September 11, 2013 12:29 am

    The fact that it was GOP conservative policies that brought us into the Great Depression AND the Great Recession is simply missed by deranged people like Eugene, who want to blame it all on liberals and progressives, and they need to look in the mirror as to why those two economic collapses occurred. But, of course, there is no desire to learn the truth, because it hurts!

  6. Engineer Of Knowledge September 11, 2013 7:02 am

    Good Morning Professor,
    This is so rich that I just had to pass this on. As I came to work this morning, walking to my desk, I saw two coworkers who are of the extreme right views and read the Drudge Report and American Thinker, etc.

    I said good morning and commented the morning radio was honoring 9/11.

    The one who’s total diet is KoolAid…reply was, “Yep..Hillary… Benghazi….”

    My reply was, “So which one did Hillary bomb; the Pentagon or the Trade Towers?”

    His answer was, “Both….Hillary…. Benghazi…” nodding his head as to accent and punctuate his complete knowledge on the subject.

    I continued on to my office knowing I had to pass this on. As I sat down to my desk the words of Isaac Asimov played through my head, “Anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that “my ignorance is just as good as your knowledge.”

  7. Ronald September 11, 2013 7:07 am

    Engineer, this is indeed very sad, but it is the same drivel that Eugene-Juan Peron-Robert advocates–KNOW NOTHINGISM, impressing ignorant people who do not know the truth of the events. Anti intellectualism is rampant on the right, very sad!

  8. Engineer Of Knowledge September 11, 2013 8:13 am

    Yes Ron, It was as if I could see the robotic preprogrammed tape playing through his head….he had no comprehension of the meaning of the words but the message of “Hillary…. Benghazi…” was well embedded. There was no questioning or employing Critical Thinking, so long in his mind it confirmed that it was Hillary Clinton’s fault. That was all the justification they needed. I said they because the other one standing next to him was nodding an authority approving agreement.

  9. Ronald September 11, 2013 8:57 am

    Of course, Engineer, Benghazi COULD hurt Hillary Clinton and MIGHT help some other Democrat to gain an edge for 2016, right or wrong!

  10. Engineer Of Knowledge September 11, 2013 3:14 pm

    Yes Ron I would agree and would also employ Ockham’s Razor and state because Hillary has so much history that could be translated into “baggage”, be it accurate or not, would have a disadvantage running against someone who does not have the same longevity history.

    All will be pulled out from the back of the closet again from Whitewater real estate (that after spending $100s of Millions of dollars found no evidence to even prosecute on), to Monica Lewinsk which was Bill’s error in judgment..not hers.

    As the French say, ” C’est la vie, C’est la guerre.” (That’s life, This is war.)

  11. Ronald September 11, 2013 3:19 pm

    That is why, as I postulated in an earlier posting, it MIGHT be better to find someone NOT associated with the past, including Obama and Bill Clinton, so therefore, maybe bypass Hillary and Joe Biden, and look to Martin O’Malley, Elizabeth Warren, Amy Klobuchar, Corey Booker, Andrew Cuomo and others for a nominee in 2016!

  12. Engineer Of Knowledge September 11, 2013 6:07 pm

    Well stated…but keep the others for mentoring…;-)

  13. dave martin September 12, 2013 9:55 am

    Look at Detroit progressives, it is what you can achieve when allowed to apply your studied princibles.

  14. Jane Doe September 12, 2013 10:38 am

    Lulz @ Davy No Nothing.

  15. Eugene September 12, 2013 11:24 am

    I just realized that prior to the government enduced collapse of the housing market we lived in a laissez fair completely unregulated economy with absolutely zero government agencies and regulatory unaccountable entities. Why.. one would think that none of the permanent bureaucratic citizen tormenting programs elaborated during the 20th century reign of statist policies never really occurred! No FED, no SEC , no EPA ,no FinCEN, no CDFI Fund, no Office of Domestic Finance (which by the way now has an Office of Financial Stability since 2008!!) and I could go on and on.

  16. Ronald September 12, 2013 11:30 am

    Eugene, I well know that such agencies have existed, but their membership has been filled under GOP Presidents with the purpose of undermining regulations, like a fox put in a chicken coop to protect the chickens. This happened under Reagan, as much as under Bush II, but apparently, you are clueless to that fact, because you have a closed mind which prefers sarcasm over the facts!

  17. Ronald September 12, 2013 11:33 am

    I guess, Eugene, you forgot or never knew, somehow, that Republicans controlled the executive branch from 1981-2009 for 20 of 28 years, plus control of both houses of Congress for 12 years from 1995-2007, meaning even under Bill Clinton in the 1990s, and their goal was, as always, to cut regulations, and the present House of Representatives still is advocating NO regulations! A leopard does not change its spots!

  18. Eugene September 12, 2013 11:45 am

    As a matter of fact I will go on and on.Here is a PARTIAL list of our ever growing Federal government. Of course for many of my liberal friends this is not enough becuase we actually lived in a laissez a fair practically governmentless country!
    Agricultural Marketing Service
    Agricultural Research Service
    Animal and Plant Health Inspection Service
    Center for Nutrition Policy and Promotion
    Commodity Credit Corporation
    Economic Research Service
    Farm Service Agency
    Food and Nutrition Service
    Food Safety and Inspection Service
    Foreign Agricultural Service
    Forest Service
    Grain Inspection, Packers and Stockyards Administration
    National Agricultural Library
    National Agricultural Statistics Service
    National Institute of Food and Agriculture
    Natural Resources Conservation Service
    Risk Management Agency
    Federal Crop Insurance Corporation
    Office of Rural Development
    Rural Housing Service
    Rural Utilities Service
    Bureau of Industry and Security
    Economics and Statistics Administration
    Bureau of Economic Analysis
    Bureau of the Census
    Economic Development Administration
    International Trade Administration
    Invest in America
    Office of Travel and Tourism Industries
    United States Commercial Service
    Minority Business Development Agency
    National Oceanic and Atmospheric Administration
    National Weather Service
    National Oceanic Service
    National Geodetic Survey
    National Marine Fisheries Service
    National Environmental Satellite, Data, and Information Service
    National Telecommunications and Information Administration
    Patent and Trademark Office
    Board of Patent Appeals and Interferences
    Trademark Trial and Appeal Board
    National Institute of Standards and Technology
    National Technical Information Service
    Office of the Secretary (OS)
    National Office of Assessment
    Educational Testing Service (Contract)
    Aspen Institute
    Commission of No Child Left Behind
    NCLB Office
    Title One Office
    Office of Communications and Outreach (OCO)
    Office of the General Counsel (OGC)
    Office of Inspector General
    Office of Legislation and Congressional Affairs (OLCA)
    Office for Civil Rights (OCR)
    Institute of Education Sciences (IES)
    National Center for Education Statistics (NCES)
    National Assessment of Educational Progress (NAEP)
    Education Resources Information Center (ERIC)
    Department of Education Structure
    Office of Innovation and Improvement (OII)
    Office of the Chief Financial Officer
    Office of Management
    Office of the Chief Information Officer
    Office of Planning, Evaluation and Policy Development
    Budget Service
    Risk Management Service
    Chief Operating Officer of the Department of Education|Chief Operating Officer
    Office of the Under Secretary (OUS)
    Office of Postsecondary Education (OPE)
    Office of Vocational and Adult Education (OVAE)
    Office of Federal Student Aid (FSA)
    President’s Advisory Board on Tribal Colleges and Universities (WHITCU)
    President’s Advisory Board on Historically Black Colleges and Universities (WHIHBCU)
    Office of the Deputy Secretary (ODS)
    Office of Elementary and Secondary Education (OESE)
    Office of Migrant Education
    President’s Advisory Commission on Educational Excellence for Hispanic Americans
    Office of English Language Acquisition, Language Enhancement and Academic Achievement for Limited English Proficient Students (OELA)
    Office of Special Education and Rehabilitative Services (OSERS)
    National Institute on Disability and Rehabilitation Research (NIDRR)
    Office of Special Education Programs (OSEP)
    Rehabilitation Services Administration (RSA)
    Office of Safe and Drug Free Schools (OSDFS)
    Office of Innovation and Improvement
    Associated federal organizations
    Advisory Councils and Committees
    National Assessment Governing Board (NAGB)[1]
    National Institute for Literacy (NIFL)[2]
    Federal Interagency Committee on Education (FICE)
    Federally aided organizations
    American Printing House for the Blind
    Gallaudet University
    Howard University
    National Technical Institute for the Deaf
    United States Department of Energy:
    Blue Ribbon Commission on Nuclear Waste
    Office of Nuclear Energy
    Energy Information Administration (EIA)
    Federal Energy Regulatory Commission (FERC)
    National Laboratories & Technology Centers:
    Albany Research Center
    Ames Laboratory
    Argonne National Laboratory
    Argonne National Laboratory (West) (now part of Idaho National Laboratory)
    Brookhaven National Laboratory
    Center for Functional Nanomaterials (under design or construction)
    Center for Integrated Nanotechnologies (under design or construction)
    Center for Nanophase Materials Sciences (under design or construction)
    Center for Nanoscale Materials (under design or construction)
    Fermi National Accelerator Laboratory
    Idaho National Engineering Laboratory
    Lawrence Berkeley National Laboratory
    Lawrence Livermore National Laboratory
    Los Alamos National Laboratory
    Molecular Foundry (under design or construction)
    National Energy Technology Laboratory
    National Petroleum Technology Office
    National Renewable Energy Laboratory
    New Brunswick Laboratory
    Oak Ridge National Laboratory
    Pacific Northwest National Laboratory
    Princeton Plasma Physics Laboratory
    Radiological & Environmental Sciences Laboratory
    Sandia National Laboratories
    Savannah River Ecology Laboratory
    Stanford Linear Accelerator Center
    Thomas Jefferson National Accelerator Facility
    Yucca Mountain nuclear waste repository
    National Nuclear Security Administration (NNSA)
    Power Marketing Administrations:
    Bonneville Power Administration
    Southeastern Power Administration
    Southwestern Power Administration
    Western Area Power Administration
    Administration on Aging
    Office of the Assistant Secretary for Aging
    Office of Congressional and Public Affairs
    Office of the National Long Term Care Ombudsman
    Office of the Principle Deputy Assistant Secretary
    Center for Management and Budget
    Office of Administration and Personnel
    Office of Budget and Finance
    Office of Grants Management
    Office of Information Resources Management
    Center for Policy, Planning and Evaluation
    Office of Performance and Evaluation
    Office of Policy Analysis and Development
    Office of Program Innovation and Demonstration
    Center for Program Operations
    Office of American Indian, Alaskan Native and Native Hawaiian Programs
    Office of Elder Rights
    Office of Home and Community Based Services
    Office of Outreach and Consumer Information
    Regional Support Centers (I-X)
    Administration for Children and Families
    Office of the Assistant Secretary
    Deputy Assistant Secretary for Policy and External Affairs
    Office of Administration Deputy Assistant Secretary
    Office of Deputy Assistant Secretary and Inter-Departmental Liaison for Early Childhood Development
    President’s Committee for People with Intellectual Disabilities
    Principle Deputy Assistant Secretary
    Administration on Children, Youth and Families
    Office of the Commissioner
    Office of Management Services
    Children’s Bureau
    Division of Child Welfare Capacity Building
    Division of Data, Research and Innovation
    Division of Policy
    Division of Program Implementation
    Division of State Systems
    Office on Child Abuse and Neglect
    Family and Youth Services Bureau
    Office of Associate Commissioner
    Abstinence Education Division
    Division of Youth Development
    Family Violence Prevention and Services Division
    Mentoring Children of Prisoners
    Research and Evaluation Division
    Runaway and Homeless Youth
    Administration on Developmental Disabilities
    Office of the Commissioner
    Office of Administration and Planning Staff
    Office of Programs
    Administration for Native Americans
    Office of the Commissioner
    Intra-Departmental Council on Native American Affairs
    Division of Policy, Planning and Evaluation
    Division of Program Operations
    Office of Child Support Enforcement
    Office of the Director
    Office of Audit
    Division of Consumer Services
    Division of Management Services
    Division of Planning, Research and Evaluation
    Division of Policy
    Division of Special Staffs
    Division of State, Tribal and Local Assistance
    Office of Automation and Program Operations
    Division of Federal Systems
    Division of State and Tribal Systems
    Office of Community Services
    Office of the Director
    Division of Community Demonstration Programs
    Division of Community Discretionary Programs
    Division of Energy Assistance
    Division of State Assistance
    Office of Family Assistance
    Office of the Director
    Child Care Bureau
    Child Care Regional Office Staff
    Division of Policy
    Division of Program Operations
    Division of Technical Assistance
    Temporary Assistance for Needy Families Bureau
    Division of Data Collection and Analysis
    Division of State Temporary Assistance for Needy Families Policy
    Division of State and Territory Temporary Assistance for Needy Families Management
    Division of Tribal Temporary Assistance for Needy Families Management
    Temporary Assistance for Needy Families Regional Office Staff
    Office of Head Start
    Educational Development and Partnership Division
    Child Well Being Branch
    Education Branch
    Family Community State Partnership Branch
    Policy and Budget Division
    Budget Branch
    Policy Branch
    Program Operations Division
    Regional Program Unit (I-X)
    Native American and Alaska Native Branch Region XI
    Migrant and Seasonal Branch Region XII
    Quality Assurance Division
    Financial Integrity Branch
    Monitoring Branch
    Training and Technical Assistance Branch
    Office of Legislative Affairs and Budget
    Division of Budget
    Division of Legislative and Regulatory Affairs
    Office of Planning, Research and Evaluation
    Office of the Director
    Division of Child and Family Development
    Division of Economic Independence
    Office of Public Affairs
    Office of the Director
    Division of Public Information
    Division of Publications Services
    Office of Refugee Resettlement
    Office of the Director
    Division of Anti-Trafficking in Persons
    Division of Budget, Policy and Data Analysis
    Division of Community Resettlement
    Division of Refuge Assistance
    Division of Unaccompanied Children’s Services
    Office of Regional Operations
    Regional Offices (I-X)
    Agency for Healthcare Research and Quality
    Office of the Director
    Center for Delivery, Organization and Markets
    Center for Financing, Access and Cost Trends
    Division of Modeling and Simulation
    Division of Social and Economic Research
    Division of Statistical Research and Methods
    Division of Survey Operations
    National Advisory Council for Healthcare Research and Quality
    Center for Outcomes and Evidence
    Center for Primary Care, Prevention and Clinical Partnerships
    Center for Quality Improvement and Patient Safety
    Office of Communications and Knowledge Transfer
    Office of Extramural Research, Education and Priority Populations
    Office of Performance Accountability, Resources and Technology
    Centers for Disease Control and Prevention
    Office of the Director
    Office of Diversity Management and Equal Opportunity
    Center for Global Health
    National Institute for Occupational Safety and Health
    Office of Infectious Diseases
    National Center for Emerging and Zoonotic Infectious Disease
    National Center for HIV/AIDS, Viral Hepatitis, STD and TB Prevention
    National Center for Immunization and Respiratory Diseases
    Office of Noncommunicable Diseases, Injury and Respiratory Health
    National Center for Birth Defects and Developmental Disabilities
    National Center for Chronic Disease Prevention and Health Promotion
    National Center for Environmental Health/Agency for Toxic Substances and Disease Registry
    National Center for Injury Prevention and Control
    Office of Public Health Preparedness and Response
    Office of State, Tribal, Local and Territorial Support
    Office of Surveillance, Epidemiology and Laboratory Services
    National Center for Health Statistics
    Office of Surveillance, Epidemiology, Information, Laboratory Science and Career Development
    Healthy Marriage Initiative – WTF????????
    Low Income Home Energy Assistance Program
    State Children’s Health Insurance Program
    Flu program
    Arthritis and Musculoskeletal Interagency Coordinating Committee
    Office of Child Development
    Welfare commission
    Office of economic wanting
    Office of Community Services Block Grant (OCS)
    Centers for Medicare and Medicaid Services (CMS)
    Food and Drug Administration (FDA)
    Health Resources and Services Administration (HRSA)
    Indian Health Service (IHS)
    National Institutes of Health (NIH)
    Office for Civil Rights (OCR)
    Office of Minority Health (OMH)
    Program Support Center (PSC)
    Substance Abuse and Mental Health Services Administration (SAMHSA)
    Office of the National Coordinator for Health Information Technology
    Federal Housing Administration
    Federal Housing Finance Agency
    Center for Faith-Based and Neighborhood Partnerships (HUD)
    Departmental Enforcement Center
    Office of Community Planning and Development
    Office of Congressional and Intergovernmental Relations
    Office of Equal Employment Opportunity
    Office of Fair Housing and Equal Opportunity
    Office of Field Policy and Management
    Office of the General Counsel
    Office of Healthy Homes and Lead Hazard Control
    Office of Hearings and Appeals
    Office of Labor Relations
    Office of Policy Development and Research
    Office of Public Affairs
    Office of Public and Indian Housing
    Office of Small and Disadvantaged Business Utilization
    Office of Sustainable Housing and Communities
    Government National Mortgage Association (Ginnie Mae)

  19. Eugene September 12, 2013 11:47 am

    Lets not forget the United States Department of the Treasury!
    Agencies and Bureaus
    Alcohol and Tobacco Tax and Trade Bureau
    Bureau of Engraving and Printing
    Bureau of the Public Debt
    Community Development Financial Institution Fund
    Federal Consulting Group
    Financial Crimes Enforcement Network
    Financial Management Service
    Internal Revenue Service
    Office of the Comptroller of the Currency
    Office of Financial Stability
    Office of Thrift Supervision (being abolished in 2011)
    United States Mint
    Office of Domestic Finance
    Office of Economic Policy
    Office of International Affairs
    Office of Tax Policy
    Office of Terrorism and Financial Intelligence
    Treasurer of the United States

  20. Eugene September 12, 2013 11:52 am

    And lets not forget our dear Federal Goverment regulations of for example the Banking industry. Bear in mind these are just the titles. YEAH Pretty much non existent right?
    Part 1002 (Regulation B) Equal Credit Opportunity Act
    Part 1003 (Regulation C) Home Mortgage Disclosure
    Part 1004 (Regulation D) Alternative Mortgage Transaction Parity
    Part 1005 (Regulation E) Electronic Fund Transfers
    Part 1006 (Regulation F) Fair Debt Collection Practices Act
    Part 1007 (Regulation G) S.A.F.E. Mortgage Licensing Act—Federal Registration of Residential Mortgage Loan Originators
    Part 1008 (Regulation H) S.A.F.E. Mortgage Licensing Act—State Compliance and Bureau Registration System
    Part 1009 (Regulation I) Disclosure Requirements for Depository Institutions Lacking Federal Deposit Insurance
    Part 1013 (Regulation M) Consumer Leasing
    Part 1014 (Regulation N) Mortgage Acts and Practices—Advertising
    Part 1015 (Regulation O) Mortgage Assistance Relief Services
    Part 1016 (Regulation P) Privacy of Consumer Financial Information
    Part 1022 (Regulation V) Fair Credit Reporting
    Part 1024 (Regulation X) Real Estate Settlement Procedures Act
    Part 1026 (Regulation Z) Truth in Lending
    Part 1030 (Regulation DD) Truth in Savings

    Part 201 (Regulation A) Extensions of Credit by Federal Reserve Banks
    Part 204 (Regulation D) Reserve Requirements of Depository Institutions
    Part 206 (Regulation F) Limitations on Interbank Liabilities
    Part 207 (Regulation G) Disclosure and Reporting of CRA-Related Agreements
    Part 208 (Regulation H) Membership of State Banking Institutions in the Federal Reserve System
    Part 209 (Regulation I) Issue and Cancellation of Federal Reseve Bank Capital Stock
    Part 210 (Regulation J) Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers through Fedwire
    Part 211 (Regulation K) International Banking Operations
    Part 212 (Regulation L) Management Official Interlocks
    Part 214 (Regulation N) Relations with Foreign Banks and Bankers
    Part 215 (Regulation O) Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks
    Part 218 (Regulation R) Exceptions for Banks from the Definition of Broker in the Securities Exchange Act of 1934
    Part 219 (Regulation S) Reimbursement for Providing Financial Records; Recordkeeping Requirements for Certain Financial Records
    Part 220 (Regulation T) Credit by Brokers and Dealers
    Part 221 (Regulation U) Credit by Bankers and Persons other than Broker Dealers for the Purpose of Purchasing or Carrying Margin Stock
    Part 222 (Regulation V) Fair Credit Reporting Act
    Part 223 (Regulation W) Transactions Between Member Banks and Their Affiliates
    Part 224 (Regulation X) Borrowers of Securities Credit
    Part 225 (Regulation Y) Bank Holding Companies and Change in Bank Control
    Part 227 (Regulation AA) Unfair or Deceptive Acts or Practices
    Part 228 (Regulation BB) Community Reinvestment
    Part 229 (Regulation CC) Availability of Funds and Collection of Checks
    Part 231 (Regulation EE) Netting Eligibility for Financial Institution
    Part 232 (Regulation FF) Obtaining and Using Medical Information in Connection with Credit
    Part 233 (Regulation GG) Prohibition on Funding of Unlawful Internet Gambling
    Part 235 (Regulation II) Debit Card Interchange Fees and Routing
    Part 237 (Regulation KK) Margin and Capital Requirements for Covered Swap Entities
    Part 238 (Regulation LL) Savings and Loan Holding Companies
    Part 239 (Regulation MM) Mutual Holding Companies
    Part 240 (Regulation NN) Retail Foreign Exchange Transactions
    Part 241 (Regulation OO) Supervised Securities Holding Company Registration
    Part 243 (Regulation QQ) Resolution Plans

    Part 328 Advertisement of Membership
    Part 330 Deposit Insurance Coverage
    Part 370 Temporary Liquidity Guarantee Program

  21. Princess Leia September 12, 2013 11:54 am

    Lulz! Eugene Juan Peron Robert is hilarious today!

  22. Eugene September 12, 2013 12:03 pm

    Oh I am not excusing Republicans of blame either. Why even Reagan had to fight hard against the status quo withing the Republican party. Of all those Republican Presidents only Reagan was truly consertvative, the rest just paid lip service to conservative values and policies as does the Republican leadership today. So the issue is not electing Republicans. We had 8 yrs of Bush, of which 6 Republicans had Congress and the government together with regulations kept growing. Bush was the biggest spender in history only surpassed by Obama. And even today , right now at this moment, we see the Republican leadership in essence defending Obamacare, another huge wasteful useless authoritarian government program. They had endless and totally useless votes repealing it but once they have a real opportunity to delaye it by defunding certain provision, what do they do? They balk! So no I am not letting Republicans off the hook. They are together with Democrats the status quo for big government. And thanks to that, this is where we are today.

  23. Ronald September 12, 2013 1:12 pm

    Yes, Eugene, we are “there” today with 315 million people, not the 4 million in 1790, the 31 million in 1860, the 120 million in 1930, or the 200 million in 1970!

    And even with that, notice how the top one percent have 99 percent of the growth in income since the Great Recession in 2008, and the rest of us have one percent, and that is just fine, right, with GOP attitudes on taxation and spending, right? Keep on helping the corporations, and billionaires and millionaires, and to hell with us, the ordinary people! And cut the life support for those devastated by GOP policies since Reagan!

    Oh, and Reagan economic policies TRIPLED the national debt in eight years, with most of the spending on defense, and cutting social programs, But facts do not matter, now do they, Eugene, heh?

  24. Ronald September 12, 2013 1:15 pm

    When Carter left office, we had $1 trillion national debt–when Reagan left, it was $3 trillion–by time passing under Bush I and Clinton, it was $5 trillion–under Bush II, it DOUBLED to more than $10 trillion! So elementary math shows $8 trillion of debt increase from 1981-2009 was under GOP Presidents, and Clinton even balanced the budget a few times, so who is responsible for national debt growth–the Republican Party, which controlled the government for 12 years in both houses of Congress!

  25. Rustbelt Democrat September 13, 2013 8:58 am

    Since the GOTea doesn’t want any rules, they are a bunch of anarchists.

  26. Ronald September 13, 2013 5:50 pm

    The accomplishment of the lowest deficit in five years is overlooked by the Tea Party extremists, but in reality, they are the true terrorists in America, undermining its recovery, and if GOP leadership does nothing to stop them, then the future of the Republican Party is in tatters!

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