A Brief History of Capitalism

[Baldy]

Ummm well uhhh I hate to break the news to you, but Glass-Steagall never prevented banks from being able to invest in residential mortgages and residential mortgage backed securities. To further burst your bubble, even the the object of your masturbatory fantasies, Elizabeth Fauxcahontas Warren, stated that Glass-Steagall wouldn't have prevented the meltdown.

I read that in your link too although Warren's point was that Glass-Steagal wouldn't have prevented the crisis on it's own but would have lessened the blow which is certainly true. There's a reason the financial sector spend $5 billion in the 90's to deregulate and get Glass-Steagal repealed. They're not stupid…at least when it comes to making themselves money and running a casino.

It's not most certainly true. In fact it's most probably false.
What most people don't realize is that Glass-Steagall was never repealed. In fact, it is almost entirely still intact. The only change made was that it allowed commercial banks to be affiliated with investment banks, period. No rules and regulations were repealed. Banks were still prohibited from underwriting or dealing in securities...plain and simple.

[Ibanez]

All of the government subsidies and "tax expenditures" that constitute crony capitalism have to go. Starting with the "carried interest" boondoggle for hedge fund moguls.

Cut the corporate tax rate in half and the "inversion" stampede should stop. This should be a fair tradeoff for the cuts described in the last paragraph.

No more bailouts for inefficient industries. If GM doesn't survive the latest round of recalls, let the bankruptcy laws take their course, and don't favor the unions at the expense of forcing "cram downs" on other creditors.

Education: channel resources toward teaching and away from administrators. Permitting mergers of small, inefficient school districts might be a good start. Are property taxes the best way to fund schools equitably?

Well said.

[Baldy]

All of the government subsidies and "tax expenditures" that constitute crony capitalism have to go. Starting with the "carried interest" boondoggle for hedge fund moguls.

Cut the corporate tax rate in half and the "inversion" stampede should stop. This should be a fair tradeoff for the cuts described in the last paragraph.

No more bailouts for inefficient industries. If GM doesn't survive the latest round of recalls, let the bankruptcy laws take their course, and don't favor the unions at the expense of forcing "cram downs" on other creditors.

Education: channel resources toward teaching and away from administrators. Permitting mergers of small, inefficient school districts might be a good start. Are property taxes the best way to fund schools equitably?

tits...ripped.