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Federal oversight overhaul -plain english
03-31-2008, 05:06 PM
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#1
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Recycles dryer sheets
Join Date: Jul 2007
Posts: 331
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Federal oversight overhaul -plain english
Can someone explain really short and sweet? Any and all opinions also welcome!
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03-31-2008, 05:21 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,621
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This reminds me of my long ago Army days. If some policy is not working, change it! Give it an appropriate amount of time and if the new one does not work, change it. Never ending trek. I do not know if this is an explanation or not but it is an opinion.
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Vietnam Veteran, CW4 USA, Retired 1979
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03-31-2008, 05:40 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,200
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 Quote:
Originally Posted by R Wood
This reminds me of my long ago Army days. If some policy is not working, change it! Give it an appropriate amount of time and if the new one does not work, change it. Never ending trek. I do not know if this is an explanation or not but it is an opinion.
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"New & Improved" 
(usually it's neither really....just the same ol' same ol' with a fresh coat of paint or a squirt of perfume)
I heard a news commentator on one of the Chicago radio stations this morning with an interview clip of someone (I don't recall who it was, or all of the details, since I was just waking up).....anyway, the interviewee stated that it was basically just another layer of crap that may sound all wise and good, but in the end it won't be enforced any better than any of the other 'safeguards' have been over the years. Just a bunch of election year mumbo-jumbo. Only time will tell.....but I'd wager that by this time next year, it will have been swept under the rug somewhere.
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03-31-2008, 05:55 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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I heard something like 2 to 8 years before it would even start to work. Ill pay attention then.
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03-31-2008, 06:04 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,487
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there is some virtue in waiting to pay attention! it will take considerable time for this to get through congress, and since there are many oxes to be gored, and political favours to be earned and turfs to be protected, the proposal at this point will likely look very different by the time any change is made. given the election cycle, any immediate comments (from the pols) on the proposal should also be taken with more than a few grains of salt.
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03-31-2008, 06:09 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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Ya after every special interest group gets what they want put in. The dems are happy the republicans are happy. We will see what gets spewed out.
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03-31-2008, 07:40 PM
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#7
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 43,084
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Quote:
Originally Posted by d
there is some virtue in waiting to pay attention! it will take considerable time for this to get through congress, and since there are many oxes to be gored, and political favours to be earned and turfs to be protected, the proposal at this point will likely look very different by the time any change is made. given the election cycle, any immediate comments (from the pols) on the proposal should also be taken with more than a few grains of salt.
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Exactly, and not only that, with the upcoming change in administration all bets are off! This might end up being simply a first cut at something that will take a while to shape and refine, or which might even be ditched, depending on how things shake out after the election.
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I have drunken deep of joy,
And I will taste no other wine tonight.
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03-31-2008, 07:49 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,487
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i expect both sides of the aisle are looking forward to this, and it certainly will not be decided within the current administration.
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03-31-2008, 07:51 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 5,593
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Quote:
Originally Posted by Notmuchlonger
Ya after every special interest group gets what they want put in. The dems are happy the republicans are happy. We will see what gets spewed out.
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I think you nailed it. I worked for one of the financial regulators for 13 years. The special interest and trade groups have tremendous power over the regulators. My hope is this is curtailed but I have my doubts.
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03-31-2008, 11:43 PM
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#10
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Recycles dryer sheets
Join Date: Aug 2007
Posts: 433
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As someone else said,
"The horse has run away, quick, close the barn door".
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Consult with only myself as your adviser or representative. My thoughts should be construed as investment advice of the highest caliber. Past performance is but a pale shadow and guarantee of even greater results in the future.
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04-01-2008, 07:25 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 17,032
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Quote:
Originally Posted by JustMeUC
Can someone explain really short and sweet? Any and all opinions also welcome!
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All regulatory power over anything vaguely resembling a financial institution is suggested to be concentrated in the hand of the Fed is what it pretty much boils down to.
Proposal is DOA, IMO.
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"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."
- Will Rogers
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