Conservatives--the truly honest ones--got taken in by the psuedo-conservatives. The psuedo-conservatives were the ones who pushed for the deregulation of the banking industry, and who "deregulated" away the wall between conventional banks, brokerages, and investment bankers. So we have banks selling stocks and insurance, and insurance companies selling stocks and doing banking, and so forth.
So let's deregulate some more, and then bail out some more folks who were simply doing what deregulation told them was now legal [if not smart], and leave the taxpayer on the hook once again. It happened in the 1980's with the savings and loans, and yet we didn't learn our lesson about deregulation...and we probably never will, until the entire country goes completely bankrupt.
The reason for the bailouts was that without them, there'd be a domino effect, and the end result would make the 1930's look like we'd all won the lottery at once, in comparison.
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Today's Featured Article - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
... [Read Article]
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