Wall Street/economy question
 

With all the attention given to the financial meltdown in the media, I see a
lot of finger pointing and blame being directed at various people for the
lack of government regulation. Even McCain, this morning, acknowledged
that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of areas.
Congress is also the legislative branch of the government, responsible for
drafting, proposing and instituting laws and/or changes as required. The
executive branch then enforces the approved laws.

Why don't we see any members of Congress responding to this financial crisis
with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or Democrat
actually doing their job and taking action as required in their job/office
responsibilities.

EIsboch

Wall Street/economy question
 

Eisboch wrote:
With all the attention given to the financial meltdown in the media, I see a
lot of finger pointing and blame being directed at various people for the
lack of government regulation. Even McCain, this morning, acknowledged
that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of areas.
Congress is also the legislative branch of the government, responsible for
drafting, proposing and instituting laws and/or changes as required. The
executive branch then enforces the approved laws.

Why don't we see any members of Congress responding to this financial crisis
with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or Democrat
actually doing their job and taking action as required in their job/office
responsibilities.

It will happen as soon as the election is over. The loosing side will be
made the bad guys.

Wall Street/economy question
 

Eisboch wrote:
With all the attention given to the financial meltdown in the media, I see a
lot of finger pointing and blame being directed at various people for the
lack of government regulation. Even McCain, this morning, acknowledged
that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of areas.
Congress is also the legislative branch of the government, responsible for
drafting, proposing and instituting laws and/or changes as required. The
executive branch then enforces the approved laws.

Why don't we see any members of Congress responding to this financial crisis
with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or Democrat
actually doing their job and taking action as required in their job/office
responsibilities.

EIsboch





Chris Dodd, for one, has been calling for and proposing legislation for
some time to get control of the mortgage crisis, but the Bush
administration/GOP opted for the "free markets" solution, e.g., do
nothing at all. It's been proven over and again that financial market
regulation is necessary. That former U.S. Senator from Texas, the McCain
economic adviser, got the deregulation of financial markets he wanted
back in the early 1990s. Now, of course, he works for those financial
corporations.

Call it...greed.

Wall Street/economy question
 

On Sep 16, 11:38*am, "Eisboch" wrote:
With all the attention given to the financial meltdown in the media, I see a
lot of finger pointing and blame being directed at various people for the
lack of government regulation. * Even McCain, this morning, acknowledged
that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of areas.
Congress is also the legislative branch of the government, responsible for
drafting, proposing and instituting laws and/or changes as required. *The
executive branch then enforces the approved laws.

Why don't we see any members of Congress responding to this financial crisis
with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or Democrat
actually doing their job and taking action as required in their job/office
responsibilities.

EIsboch

This is fall out from the morgage meltdown. There is new regulations
in the works.

Wall Street/economy question
 

"BAR" wrote in message
. ..
Eisboch wrote:
With all the attention given to the financial meltdown in the media, I
see a lot of finger pointing and blame being directed at various people
for the lack of government regulation. Even McCain, this morning,
acknowledged that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of areas.
Congress is also the legislative branch of the government, responsible
for drafting, proposing and instituting laws and/or changes as required.
The executive branch then enforces the approved laws.

Why don't we see any members of Congress responding to this financial
crisis with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or
Democrat actually doing their job and taking action as required in their
job/office responsibilities.



It will happen as soon as the election is over. The loosing side will be
made the bad guys.


If that's true and members of Congress are sitting on their hands for
political reasons, every single one of them should be given the boot and
replaced.

IMO, the economic problems we have won't be fixed overnight, but I also
believe that fear, panic and other physiological reactions by the public in
general causes the problem to be worse. Some immediate action by Congress
may serve to calm some nerves.

I here some talkity-talk about establishing a temporary moratorium on home
foreclosures, but that's all it is .... talk.
How about convening an emergency session of Congress, get some ideas on the
table, and *do* something?

Eisboch

Wall Street/economy question
 

"Eisboch" wrote in message
...


I here some talkity-talk about establishing a temporary moratorium on home
foreclosures, but that's all it is .... talk.
How about convening an emergency session of Congress, get some ideas on
the table, and *do* something?

Eisboch


"hear", not "here" .... obviously.

Wall Street/economy question
 

Eisboch wrote:
"BAR" wrote in message
. ..
Eisboch wrote:
With all the attention given to the financial meltdown in the media, I
see a lot of finger pointing and blame being directed at various people
for the lack of government regulation. Even McCain, this morning,
acknowledged that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of areas.
Congress is also the legislative branch of the government, responsible
for drafting, proposing and instituting laws and/or changes as required.
The executive branch then enforces the approved laws.

Why don't we see any members of Congress responding to this financial
crisis with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or
Democrat actually doing their job and taking action as required in their
job/office responsibilities.


It will happen as soon as the election is over. The loosing side will be
made the bad guys.


If that's true and members of Congress are sitting on their hands for
political reasons, every single one of them should be given the boot and
replaced.

IMO, the economic problems we have won't be fixed overnight, but I also
believe that fear, panic and other physiological reactions by the public in
general causes the problem to be worse. Some immediate action by Congress
may serve to calm some nerves.

I here some talkity-talk about establishing a temporary moratorium on home
foreclosures, but that's all it is .... talk.
How about convening an emergency session of Congress, get some ideas on the
table, and *do* something?

My congressman lost in the primary to a challenger so he is out. The
general election is a formality. I live in a predominately Democrat
district.

Wall Street/economy question
 

"BAR" wrote in message
...

Eisboch wrote:

I here some talkity-talk about establishing a temporary moratorium on
home foreclosures, but that's all it is .... talk.
How about convening an emergency session of Congress, get some ideas on
the table, and *do* something?

My congressman lost in the primary to a challenger so he is out. The
general election is a formality. I live in a predominately Democrat
district.


He's still drawing a paycheck. Call him up and tell him to get back to
work.

Eisboch

Wall Street/economy question
 

Eisboch wrote:
"BAR" wrote in message
...

Eisboch wrote:
I here some talkity-talk about establishing a temporary moratorium on
home foreclosures, but that's all it is .... talk.
How about convening an emergency session of Congress, get some ideas on
the table, and *do* something?
My congressman lost in the primary to a challenger so he is out. The
general election is a formality. I live in a predominately Democrat
district.


He's still drawing a paycheck. Call him up and tell him to get back to
work.

Eisboch




Naivete at its best.

Wall Street/economy question
 

Eisboch wrote:
"BAR" wrote in message
...

Eisboch wrote:
I here some talkity-talk about establishing a temporary moratorium on
home foreclosures, but that's all it is .... talk.
How about convening an emergency session of Congress, get some ideas on
the table, and *do* something?
My congressman lost in the primary to a challenger so he is out. The
general election is a formality. I live in a predominately Democrat
district.


He's still drawing a paycheck. Call him up and tell him to get back to
work.

I think he is more worried about where his paychecks will be coming from
in 2009. For a Democrat he was always out and about doing what he needed
to do to be seen and do what was needed for his constituents. In my
"town" of 300 or so residents we have a parade every year and there he
is right behind the mayor's car walking the 1/2 mile parade route waving
to the people being seen. Also, if any org or group wanted a tour of the
White House or Congress he had it set up within hours.