Government Interventions Before the Bailouts

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Daniel Posted: Thu, Nov 5 2009 6:24 PM

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The purpose of this thread to develop a list of government interventions before the recent bailouts. This is in response to people who claim that there was no government intervention before the government had to bailout the capitalist system.

Off the top of my head:

The Federal Reserve System
The Community Reinvestment Act
Tax laws
Fannie Mae 
Freddie Mac
False sense of security with the SEC, FTC, and other government regulatory agencies
The dot-com bailout
The bailout of Long-Term Capital Management
Savings and loan bailout
The Great Depression
Farm subsidies
Energy regulations
Education subsidies
Various invasion and bombings of other countries 

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Capital Pumper replied on Thu, Nov 5 2009 6:42 PM

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George Reisman should suffice:

The Myth that Laissez Faire Is Responsible for Our Present Crisis

If not then.....

Office of Tax Policy, Office of the Comptroller of the Currency, Internal Revenue Service (IRS), Community Development Investment Fund, Office of Thrift Supervision, Neighborhood Reinvestment Corporation, Office of Financial Institutions, Office of International Trade, Office of Banking and Securities, Office of Trade Finance, Office of International Monetary Policy, Office of Financial Stability, Import-Export Bank, Exchange Stabilization Fund, Working Group on Financial Markets, Plunge Protection Team, Federal Trade Commission (FTC), National Credit Union Administration (NCUA), Securities Investor Protection Corporation (SIPC), Federal Deposit Insurance Corporation (FDIC), Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Federal Financial Institutions Examination Council (FFIEC), Federal Housing Finance Board (FHFB), United States Department of Housing and Urban Development (HUD), Office of Federal Housing Enterprise Oversight (OFHEO)

Federal Reserve Act of 1913, Revenue Act of 1913, Securities Act of 1933, Securities Exchange Act of 1934, Banking Act of 1935, Trust Indenture Act of 1939, Investment Company Act of 1940, Investment Advisors Act of 1940, Employment Act of 1946, Federal Reserve-Treasury Department Accord of 1951, Bank Holding Company Act of 1956, 1970, Commodity Exchange Act of 1970, Securities Investor Protection Act of 1970, Housing and Community Development Act of 1974, Home Mortgage Disclosure Act of 1975, Federal Reserve Reform Act of 1977, Financial Institutions Regulatory and Interest Rate Control Act of 1978, International Banking Act of 1978, Full Employment and Balanced Growth Act of 1978, Monetary Control Act of 1980, Garn-St. Germain Depository Institutions Act of 1982, Plaza Accord of 1985, Lourve Accord of 1987, Fair Housing Amendments Act of 1988, Financial Institutions Reform, Recovery and Enforcement Act of 1989, Federal Deposit Insurance Corporation Improvement Act of 1991, Federal Housing Enterprises Financial Safety and Soundness Act of 1992, National Securities Markets Improvement Act of 1996, Gramm Leach Bliley Act of 1999, Regulation Fair Disclosure Rule of 2000, Uniform Securities Act of 1956, 1985, 1988 and 2002, Sarbanes Oxley Act of 2002, Regulation National Market System Rule of 2005, Community Re-Investment Act of 1994

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jct181 replied on Thu, Nov 5 2009 8:09 PM

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Wasn't Chrysler bailed out in 1971?

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Daniel replied on Thu, Nov 5 2009 8:13 PM

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Thanks!