Article

2008-03-14 Home Front Economy

Paulson calls for stronger regulatory oversight of mortgage lenders

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Posted by Fred 2008-03-14 00:00|| || Front Page|| [4 views ] Top

#1 This is like closing the barn door after your horse has run out & been hit by a train, and anyway the barn is on fire.

Posted by Anguper Hupomosing9418 2008-03-14 00:33|| 2008-03-14 00:33|| Front Page Top

#2 I respect Ronnie, but the banking reform done during the great/infamous Savings and Loan bailout in the 80s removed the restraints that were put in place during the Great Depression to restrict banks from engaging in speculative market practices. We've had the Dotcom Bust and now the Housing Bust thanks to shell corporations set up by the banking industry. Think we've learned the same lesson again? Nah.

Time to recharter the Bank of the United States to act as the receiver of any failed financial institution. That way instead of just getting stuck with the liability of these organizations we at least get the assets as well. It's existence will act as a deterrent to any paper holder that if their corporation plays fast and loose with the monetary system, they'll lose and lose just as big as any run in Vegas. Further the CEOs and board will know they won't get either a golden parachute and will be hounded for any funds seen as nothing more than looting the business for their lifestyle in the final accounting.

Posted by Procopius2k 2008-03-14 08:38|| 2008-03-14 08:38|| Front Page Top

#3 Love the Pat Paulsen picture.

Posted by Beavis 2008-03-14 09:34|| 2008-03-14 09:34|| Front Page Top

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