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.
Asked By: Diogene's Dog - 3/31/2008
Best Answer - Chosen by Asker
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... More
Answered By: right you are ken - 3/31/2008
Additional Answers (8)
Yes. WTF are they saying? Because regulated markets are doing well, they should be unregulated?
Answered By: candlewicke v1.02 - 3/31/2008
If you mean by reform taxing the middle class your right!
Answered By: Luchador - 3/31/2008
Uh, I don't know. Right now we are waiting on a Democratic Congress to do something. Duh.
Answered By: Dave W - 3/31/2008
Answered By: Holy Cow - 3/31/2008
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... More
Answered By: David H - 3/31/2008
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.
Answered By: Thomas SR - 3/31/2008
Yes. Communism & Socialism are Waiting for a Democrat Adminstration. Nothing Else wants Democrats in Charge of ANYTHING!!!
Answered By: Darlin - 3/31/2008
Alright! We have a socialist here... More
Answered By: juandos - 3/31/2008
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