Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MythMan who wrote (382999)	3/26/2009 10:36:39 AM
From: Trumptown	Read Replies (1) of 436258

What about the part where you don't get to borrow money if you can't possibly pay it back?...but that would be hypocrisy -ng _______ finance.yahoo.com Martin Crutsinger, AP Economics Writer Thursday March 26, 2009, 10:22 am EDT WASHINGTON (AP) -- The Obama administration has unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds. Treasury Secretary Timothy Geithner told lawmakers Thursday that the changes are needed to fix the flaws exposed by the current financial crisis, the worst to hit the country in seven decades. The current system failed in basic, fundamental ways and has proven to be too unstable and fragile, he said. "Over the past 18 months, we have faced the most severe global financial crisis in generations," Geithner said in testimony to the House Financial Services Committee. "To address this will require comprehensive reform. Not modest repairs at the margin, but new rules of the game." The administration's proposal, which will require congressional approval, would represent a major expansion of federal authority over the financial system. It would impose tougher standards on financial institutions judged to be so big that their failure would represent a risk to the entire system. It also would extend federal regulations for the first time to all trading in financial derivatives, exotic financial instruments such as credit default swaps that were blamed for much of the meltdown, and would require larger hedge funds to register with the Securities and Exchange Commission.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next