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Will real regulation and reform in financial markets have to wait for a Democratic administration?

This is from todays WSJ. >>>Let’s see if we get this straight: The crisis erupted in unregulated markets, the ones with all that innovation. Regulated markets, with more transparency and limits on the leverage market participants can use, have held up while unregulated ones crumbled. Therefore, the solution is to reduce regulation of regulated markets, while doing nothing to restrain the unregulated ones.<<< "Does the building have to fall on somebody?" Of course the Wall Street Journal (WSJ) is the media of record the Republican Socialist Party now in power.

Public Comments

  1. Yes. WTF are they saying? Because regulated markets are doing well, they should be unregulated?
  2. If you mean by reform taxing the middle class your right!
  3. Uh, I don't know. Right now we are waiting on a Democratic Congress to do something. Duh.
  4. Nope.
  5. The current crisis is due to banks making crappy loans to homeowners. As far as I'm concerned this is between the bank and the borrower. No government intevention required, and NO BAIL OUTS from uncle Sam. If you borrow money you can't pay back you and the chump who lent it to you will have to take it on the chin. I'm not mad a the crisis, I'm mad at the bail out.
  6. A Democrat administration would be just as clueless and useless as a Democrat-led Congress. Unless all you want them to do is name Post Offices. The changes to the banking laws that led to this home-loan fiasco were enacted under the Clinton regime. Libs hate facts.
  7. Yes. Communism & Socialism are Waiting for a Democrat Adminstration. Nothing Else wants Democrats in Charge of ANYTHING!!!
  8. Alright! We have a socialist here... Let's see, the crisis erupted because LIBERAL Democrats forced lending institutions to deal with losers... The Sarbox (Sarbanes Oxley) solution added to the cost of doing business: "When you consider that businesses that employ fewer than 20 people spend more than $2,000 per employee in regulatory compliance costs than businesses who employ more than 500 people, it’s painfully clear that we could be doing more to help small businesses succeed. I am pleased that the SEC has taken steps today to help address and rectify this discrepancy" Over regulation by the federal government pulls some one TRILLION DOLLARS out of the economy every year: "$1,028 billion federal mandates"... Yeah, we need the dim-witted Dems like Custer needed another indian...
  9. People don't understand. We look at this at not being good for the country. Look at it in a different perspective. What if you were running things in America? What if your buddies were CEO's of multi-national corporations? What we had were four years of an administration completely controlled by republicans. They created these market conditions or helped to create them. Take a look at Halliburton's stock for example. http://finance.yahoo.com/q/bc?s=HAL&t=my Sometime at the end of 97' it hit thirty briefly, it's highest ever at that point. Declined again after nine-eleven and has had a steady steep increase ever since. Is it coincidence that VP Cheney is tied to Halliburton and its stock has exploded while he's been in office? Our president has done a wonderful job to advance the agenda of the GOP and make some of his good friends rich in the process. Now that his term is about to end the markets are collapsing and the dollar ain't worth a dime. Can you imagine if the democrats said they were going to step in and regulate the markets? The republicans would be going wild with protest. How ironic.
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