Article

2009-11-17 Economy

Frank, Dodd Will Fix Banking Regulation But Good

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Posted by Fred 2009-11-17 00:00|| || Front Page|| [1 views ] Top

#1 Still no lightning strike, huh? Pity.

Posted by mojo 2009-11-17 11:16|| 2009-11-17 11:16|| Front Page Top

#2 It was regulators, not regulations, that failed. The article's point of view completely ignores things like the repeal of the Glass-Steagall Act and the downgrading of financial institution's reserve requirements, and many other factors that contributed to the present economic disaster. To simply say "Regulations don't work" is foolish.

Posted by Anguper Hupomosing9418 2009-11-17 16:22|| 2009-11-17 16:22|| Front Page Top

#3 Charlie Munger, Warren Buffett's business partner, said it better than I could: ""People really thought that giving a predatory class of people the ability to do whatever they wanted was free market enterprise. It wasn't. It was legalized armed robbery. And it was incredibly stupid.""

Posted by Anguper Hupomosing9418 2009-11-17 16:46|| 2009-11-17 16:46|| Front Page Top

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