Leftie, the worst deregulation and thw worst regulation was driven by the lefties Democrats, not the Republicans. Their sins are manifold and widespread, but it was the Dems who mandated cheap loans and ready approval to areas that had been statistically blacklisted in the past. It was the Dems that opened up the Derivatives trade. It was the Dems who put the Clintonistas in charge of Fannie and Sallie, the people who took tens upon tens of millions each in compensation while running the government backed institutions into the ground. (More bailouts!). So do not even try to blame this mess solely upon Republican Deregulation. You have to know better.
regardless of your political leaning
write your congressmen
voice your opinion
having the world's monetary system based on anything but the us dollar
turns my stomach
that's my opinion
Sorry, 30 or so years of ideological driven deregulation to benefit large corporations and financial institutions and the ensuing collapse may have made the switch inevitable. I'm not so certain that your congressman can help.
You should go back and read the cases on your so called cheap loans in black listed areas. When you actually do, this piece of the argument looks exactly like the red herring it is.
However, I do agree that there is
plenty of blame to go around to both parties. What you are stuck with is the fact that the alarm bells started to go off on Bush's watch but he (or maybe it was Cheney who was really in charge) and his advisers were so ideologically driven to eschew regulation that they watched the economy burn. And then became what -- socialists? Marxists? at the end. Actually kinda' funny in a really dark way.
In my mind, the real issue is campaign finance reform. This affects both parties. Multi-national corporations with financial resources larger than the GNPs of many countries, and interests contrary to those of the US, are way too powerful in setting the political agenda in the US.
One major disappointment thus far is absolutely no discussion about this issue.
Added -- just a quick example --
http://www.time.com/time/politics/article/0,8599,1931595,00.html 