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Poll: Americans Distrust Wall Street, but Not Sure about Government
The answer is not to get government ever more involved, but to remove them almost completely, ============== The problem is then you get what we just received in 2008-privatized profits for Big Business and sopcialized losses of Big Business passed on to the poor and mddle class when their wild bets don't pay off. I am with Don, Big Business gets 1,000's of more breaks than the poor and middle class do, they don't need anymore. There are currently 43K registered lobbyists in Washington DC, for 535 members of the Congress. That number says it all. 80-1. Those 43K registered lobbyists in Washington DC have one boss-and it is not the poor or middle class.— March 27, 2010 8:12 a.m.
Poll: Americans Distrust Wall Street, but Not Sure about Government
And, to say that “business and Wall Street proved conclusively that they could not handle getting more freedom from government,” paints way too broad of a brush-stroke, considering how many companies still behaved responsibly and continue to do so. =============================== With all due respect pascal, there would NOT be a single major investment bank left standing today if not for the TARP bailout (with taxpayer money). All 6 would have failed (instead of just 1)-with Goldman leading the way. Glass-Steagall was a direct response to the abuses that created the Great Depression, it was enacted in 1933 after the country belly flopped from the "Roaring 20's. G-S should have NEVER been repealed. When Big Business starts throwing money around to get favors-that is when the poor and middle class need to grab their wallets.— March 27, 2010 8:07 a.m.
SD Gains Jobs in February; Unemployment Rate Drops
The state UE rate is unchanged at an eye popping 12.5%. That is all I need to know.— March 26, 2010 3:23 p.m.
Local Lead Indicators Inch Up
UE is still at 12.5%, housing is at best flat, and the biggest indicator of recovery-job growth- is still non existant. We will be in the toilet at least one more year-maybe 2 or 3.— March 26, 2010 11:45 a.m.
What’s Up with the Big Cortez Hole?
This is not much different than the last real estate meltdown, where there were two huge eye sores just like this. The first one was on Laurel going up the hill to the park, near the top on the north side where a condo builder ran out of money and left a hole in the ground full of concrete and rebar. The second was downtown, a commercial building had nothing but a hole dug for the foundation with concrete and more rebar. Both sat that way for 10+ years.— March 26, 2010 7:42 a.m.
Poll: Americans Distrust Wall Street, but Not Sure about Government
Response to post #17 ================== Don, that was the BEST post I have ever read regarding policy and regulation of Big Business. A fitting summary of everything you have said since I have been reading your columns. I am behind everything you stated 100%, as I am sure the majority of Americans are. That post is why you are one of the smartest business writers I have come across. I am glad you have kept it up-even in your "retirement".— March 25, 2010 10:12 p.m.
Poll: Americans Distrust Wall Street, but Not Sure about Government
The rise of the huge corporation rendered the notion of free markets rather quaint in the US. =================== And Roberts et al on the SCOTUS giving these billion and trillion dollar firms free reign to spend as much in election ads as it takes to elect their puppets sure isn't going to help matters. America has gone from the most intellectually advanced, biggest creditor nation in the world to the largest debtor country supported by service sector jobs-all in basically one generation. God help us!— March 25, 2010 10:03 p.m.
Is City Council Cerebrally Bankrupt?
One would think that Emerald, with her broadcast/opinion background would know better than try to muzzle a newsletter or a publication of the stature of the WSJ. ==== One would think....but it was the Bottom Line/Personal newsletter she tried to muzzle...the WSJ would have probably busted out in uncontrollable laughter if Marti tried to muzzle them.— March 25, 2010 9:03 a.m.
Poll: Americans Distrust Wall Street, but Not Sure about Government
I am one who very reluctantly believes in regulation ============ You need just enough regulation to keep everyone honest, once you have hit that oint everything else takes care of itself. If we don't clean up Wall Street and the financial services market the entire country is going to collapse. Just like our state has (and our own city).— March 24, 2010 6:13 p.m.
San Diego’s best-known short seller, Barry Minkow
Michael Lewis's new book, "The Big Short" looks into investors that had shorted sub-prime mortgages and made a killing in 2008; http://www.amazon.com/Big-Short-Inside-Doomsday-M…— March 24, 2010 2:02 p.m.