2010: Back to Allowing The Marketplace To "Regulate" Itself??

Mr. Shaman

Senior Member
May 4, 2010
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I guess Wall $treet hadn't GORGED itself (enough), from 2000 thru 2008.

turkey_vulture.jpg

"Wall $treet is preparing for a Republican surge in Congress that could help it block proposed taxes on banks and investments, blunt new financial regulations and regain some of the lobbying firepower it lost during the financial crisis.

What bankers won’t be looking for, lobbyists said, is a repeal -- or any major changes -- to the Dodd-Frank bill, the most sweeping rewrite of financial regulation since the 1930s. While the law is widely criticized by the industry, Republican gains in the November election won’t be large enough to override a veto by President Barack Obama."
 
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The market wasn't regulating itself from 2000 to 2008.
Gee.....ya' heard-about-that, did ya'?​

The market hasn't regulated itself since the 19th Century, Mr Shitbag. The issues come precisely from regulation, not the lack of it. The mortgage business is among the most highly regulated. Securities are among the most highly regulated. Have been since the 1930s.
Remember Sarbanes-Oxley? It was supposed to stop fraud after Enron etc. How did that one work out for you? Instead it imposed high costs and drove lots of IPOs overseas. It probably failed to prevent a single instance of fraud.
Any further regulation will do the same. Until the gov't can outlaw stupidity (in which case you'll be in a world of hurt) excesses and bad decisions will always be around.
 
And likely less money spent on regulation enforcement during Bush's Reign.

Between fiscal year 2001 and fiscal year 2009, outlays on regulatory activities, adjusted for inflation, increased from $26.4 billion to an estimated $42.7 billion, or 62 percent. By contrast, President Clinton increased real spending on regulatory activities by 31 percent, from $20.1 billion in 1993 to $26.4 billion in 2001.
Bush's Regulatory Kiss-Off - Reason Magazine
Contributing Editor Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University
 
I guess Wall $treet hadn't GORGED itself (enough), from 2000 thru 2008.

turkey_vulture.jpg

"Wall $treet is preparing for a Republican surge in Congress that could help it block proposed taxes on banks and investments, blunt new financial regulations and regain some of the lobbying firepower it lost during the financial crisis.

What bankers won’t be looking for, lobbyists said, is a repeal -- or any major changes -- to the Dodd-Frank bill, the most sweeping rewrite of financial regulation since the 1930s. While the law is widely criticized by the industry, Republican gains in the November election won’t be large enough to override a veto by President Barack Obama."

can't you find a communist to order you necessities from. that should make you feel better.
 
Ahh I guess Patriot act fell under regulations?

I'm not sure what that's supposed to prove, other than you are an idiot for playing the BOOOSHH card.
USAPATRIOT actually implemented many new regulations in banking and finance. And? So?


Ain't it funny how OL'Sherpa hates it when facts get in the way of a load of his bullshit?? LOL
 
And likely less money spent on regulation enforcement during Bush's Reign.

Between fiscal year 2001 and fiscal year 2009, outlays on regulatory activities, adjusted for inflation, increased from $26.4 billion to an estimated $42.7 billion, or 62 percent. By contrast, President Clinton increased real spending on regulatory activities by 31 percent, from $20.1 billion in 1993 to $26.4 billion in 2001.
Bush's Regulatory Kiss-Off - Reason Magazine
Contributing Editor Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University
Whew!!!!!

That's quite the wordy-article.....that avoids LISTING any (actual) Bush-regulations!!

How creative......

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