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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.
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."
The Bill institutionalized Too Big, and guarantees Bail Outs for failure.That's what Porky Limbaugh says, huh???
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.....