OctoberFaith

In Defense of the U.S. Taxpayer: End Deferred Compensation and Its Tax Subsidy

how did this get to the point where we are so competitive with a part of the entire countries economic system?

all in all I agree with the author. let me get that out right now.

what I want to ask is where did the problem stem from that caused Lehmans to go under? wasn't it poor lending practices in the entire banking industry in general? why were the practices so bad? why was the money so easy to come by in the first place? and what caused that event?

when we lowered the cost of the money to recover the economy from a set of planes crashing in to the WTC and Pentagon, why did it lower the cost of money for housing and real estate projects too? shouldn't it have only lowered the cost of money for businesses and corporations to stimulate economic development in the effected areas? entities that create some overall economic value not just real estate rental complexes for private investors portfolio. (no matter how personally fond I am of that idea myself lol)

I'm not assigning blame. im asking about shoulds. what should have happened in these scenarios? Maybe some of this is just fallout from a single event 7 years and we are just looking at the aftermath yelling out about mess to clean up instead of thinking about how to stop it from occuring again in the future.

I don't have all the answers, infact I hardly have any clue of what is really going on with the banks.

but, perhaps this was a 25B reason why we should just take a couple minutes to just sit and reflect and just try to understand what happened first?

Right now if that same event happened are measures in place to stop the present day situation?

- I am all up for any reflections or ideas or notes worthy, I just dont have any long term answers myself. quite frankly I just dont know enough about the laws to offer any ideas. do you?