Liberals reflexively attack business, so conservatives tend to reflexively defend them.
That’s a bad idea. It is entirely obvious to any reasonable person that massive criminality was committed during the 00s. It should be investigated, prosecuted and punished in accordance with law.
The corporate veil should be pierced to the extent the law allows and the responsible individuals sent to jail for long terms. This shouldn’t be allowed to be dealt with by a huge corporation paying a fine.
That’s what my brand of conservatism requires, anyway.
It’s embarassing to admit that the Parliament of UK handled the South Seas Bubble of 1720 better than our Congres has.
BTW, I see no reason whatsoever to assume a typical Republican administration would be handling this any differntly. The only difference is that the press would be all over them for it.
Agreed. Enforce the law against big and small companies. Reform for the good of all the country, not the powerful and connected.
BTW, I see no reason whatsoever to assume a typical Republican administration would be handling this any differntly.
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Seeing how most of this financial abuse occurred with the GOP in charge, I would assume not. Big government and Big Business are a lot the same.
The root cause of the mortgage meltdown is “over-regulation” by way of the CRA (Community Reinvestment Act). By having government organizations (Fannie, Freddie, etc.) assume all Mortgage Risk, why not push as many mortgages through? Adam Smith said deregulation is the way to resolve market distortions.