Comments on: Dow Drops 680 Points Amid Recession Confirmation http://themoderatevoice.com/24737/dow-drops-680-points-amid-recession-confirmation/ An Internet hub with domestic and international news, analysis, original reporting, and popular features from the left, center, indies, centrists, moderates, and right Wed, 30 May 2012 17:15:00 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: kritt11 http://themoderatevoice.com/24737/dow-drops-680-points-amid-recession-confirmation/comment-page-1/#comment-166023 kritt11 Tue, 02 Dec 2008 13:01:59 +0000 http://themoderatevoice.com/politics/barack-obama/24737/dow-drops-680-points-amid-recession-confirmation/#comment-166023 Yes, they are just admitting what all America has known for months, though Bush is now blaming Wall Street, and not his inability to respond to multiple warnings from economists about the looming foreclosure crisis. The truth is that there was ample warning. but the administration caved in to banking lobbyists who did not want any regulations on issuing risky loans. Just more evidence that market forces alone do not suffice in an atmosphere of avarice and greed. The banks and automakers were well-aware that we couldn't allow them to face the consequences of their disasterous decision-making.<br><br>How sad that consumer rights were circumvented during the last 8 years in favor of corporate interests! Yes, they are just admitting what all America has known for months, though Bush is now blaming Wall Street, and not his inability to respond to multiple warnings from economists about the looming foreclosure crisis. The truth is that there was ample warning. but the administration caved in to banking lobbyists who did not want any regulations on issuing risky loans. Just more evidence that market forces alone do not suffice in an atmosphere of avarice and greed. The banks and automakers were well-aware that we couldn't allow them to face the consequences of their disasterous decision-making.

How sad that consumer rights were circumvented during the last 8 years in favor of corporate interests!

]]> By: DLS http://themoderatevoice.com/24737/dow-drops-680-points-amid-recession-confirmation/comment-page-1/#comment-165975 DLS Mon, 01 Dec 2008 23:59:51 +0000 http://themoderatevoice.com/politics/barack-obama/24737/dow-drops-680-points-amid-recession-confirmation/#comment-165975 (Recession _admission_, now that the election results are evident and problems with the financial institutions cannot be concealed) (Recession _admission_, now that the election results are evident and problems with the financial institutions cannot be concealed)

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