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To: kabar
You may be LOL and you may be right, but TARP, QE1, QE2, the Stimulus, the protection of Fannie and Freddie etc. could not have come about with an independent Wall St. and market free from government influence at the highest levels. If government and Wall St. weren't joined at the hip,would we now have Dodd Frank? Sarbanes Oxley? Treasury and the Fed are not taken lightly on the Street and primary dealer permits aren't given out for Christmas.
233 posted on 07/29/2011 9:40:03 AM PDT by masadaman
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To: masadaman
I have no doubt that Wall Street owns both parties, but the idea that Timmy can with just a word contol the ups and downs of the stock market given the huge number of institutional investors and mutual funds from around the world is a bit of a stretch. The only thing that can be done is to stop trading.

No matter how much spin comes from the politicians they can't control fiscal reality. They can't manipulate fiscal reality so the GDP goes up, unemployment goes down, the entitlement programs become solvent, or the deficits go down. They can't control the climate, the rise of the oceans, or the melting of the ice caps.

The politicians can play all the phony games they want, but unless something meaningful is done to reduce the size of our deficits and get our national debt under control, this entire house of cards is going to collapse similar to what happened when the housing bubble burst. Hubris comes before a fall.

237 posted on 07/29/2011 11:18:55 AM PDT by kabar
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