0bama and the Congressional Dem0crats continue to blame the mortgage meltdown on Republican deregulation, as if Sarbanes-Oxley wasn’t in place. Fact is that SOX is the most intrusive regulatory regime in the free world, and bears sole responsible for driving a massive movement away from US stockmarkets to London and Singapore. If strict regulation was the issue, the US would have it covered with SOX. But SOX didn’t catch Freddie Mac and Fannie Mae, the two pseudo-governmental companies at the heart of the mortgage meltdown. Nor did it catch WAMU, Wachovia, Lehman Brothers, or AIG. And who is responsible for what happened at Fannie Mae?
Same videographer has a YouTube channel full of good pieces here.
Trackposted to Mark My Words, , Rosemary’s Thoughts, Faultline USA, Political Byline, third world county, The World According to Carl, DragonLady’s World, The Pink Flamingo, Cao’s Blog, Wolf Pangloss, , Democrat=Socialist, CORSARI D’ITALIA, and Right Voices, thanks to Linkfest Haven Deluxe.
Related articles by Zemanta
- FBI Probing Companies At Heart Of Meltdown
- FBI investigates four companies at heart of financial meltdown
- FBI ‘Probe’ Bailed Finance Giants
- Probe launched into activities at Fannie Mae, Freddie Mac
- Freddie, Fannie accounting under legal scrutiny