Quote Originally Posted by SadisticNature View Post
I'll agree that the federal banking acts tend to be terrible, and that the links to those reports blame bankers for discrimination. This of course begs the question, if the bankers aren't actually fixing the discrimination problem by issuing bad loans, how did this cause the crisis? You can't both have your cake and eat it to. Your reports indicated that bankers are still denying loans to blacks at a disproportionately high rate, which means they are not making the high risk loans the ridiculous law would suggest. Ergo, this did not cause the financial crisis.
I believe this is referred to as denial!

Quote Originally Posted by SadisticNature View Post
I point to the specific actions where the worst collapses in the crunch were by organizations that specifically requested overrides of debt limits that were already unreasonable and unsafe, not to comply with specific policies but to pad the bottom line.
Do not know what your source is but it sounds a lot like wishful thinking to protect the real perp.

Quote Originally Posted by SadisticNature View Post
As for Reagan, he started the myth that tax cuts pay for themselves, leading directly to the absurdly large $10+ trillion deficit that the US now faces. This has been shown to be false in every country in the world where it has been applied. That being said its nice to pay less taxes, after all it won't be your problem when the government goes bankrupt.
Simple statements with no support. A logical look at this should suffice. If people have more of the money they worked for then they can choose what to do with that money; save it, spend it, invest it. In each case this money creates work for someone, that work generates income that income is taxed. since there is an increase in income then the revenues to the Government increase.
The greatest cause for Government income problems is the fact that there is no restraint on the Government checkbook. Would you not love the ability to increase you credit line if you were getting close to that limit? Even under the current conditions, when any sane person would realize that income is down and the need to cut spending the Government is doing just the opposite! Where does the Government get its money? Especially when they have "promised" to see that there is not one dime in tax increase for people earning under a certain amount. What is a fee on a business other than a tax? When taxes are increased on a business who pays that tax?