Financial-Reform Bill SIGNED!!!!!

It is quite correct this legislation does little to end "Too Big to Fail".

And the fact it excludes Fannie and Freddie Mac makes it an overt photo op - nothing more.

Sad that some in here so clearly fall for such things...:)
 
this removes a huge chunk of uncertainty.


Yes. It does. We can now be certain that there will be more bail outs. The bureaucracy to write the 500 new and currently unspecified regulations will be enormous. Smaller financial institutions will not be able to afford to comply - and will be acquired by the Mega Wall Street firms (remember, Goldman Sachs CEO Lloyd Blankfein said this bill would enhance GS profitability). Economic growth will remain moribund.

And most important of all: Fannie Mae and Freddie Mac may continue to careen towards insolvency with the taxpayers assuming all of the risk while politically connected cronies are paid massive and undeserved bonuses.

The GSEs have been insolvent for nearly two years.

No matter what the regulations say or what the politicians tell you or what you might want to believe, the government will always bail out systemically important financial institutions.
 
There is no practical way to end "too big to fail." I would like to see it happen, but doing so would dramatically cut down most large institutions that service big multinationals and increase capital costs for large companies. There is no way that companies the size of Coke or Proctor and Gamble can be serviced by small banks.
 
Miss_Cleo.jpg

No matter what the regulations say or what the politicians tell you or what you might want to believe, the government will always bail out systemically important financial institutions.
 
Absolutely!!!!

Unfortunately, it institutionalizes "too big to fail" and supports it and regulates it. It's like lighting the fuse to a powder keg. They have institutionalized moral hazard. Actually made the situation worse rather than better.
wow......

A premise.....two strings o' rhetoric....and, an incomplete-sentence.

How artful.....how 'Bagger of you.....

:rolleyes:


Im just going to go ahead and say it

:badgrin:Fu Q:badgrin:

Laugh now.... while you still can​
 

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