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Politics : View from the Center and Left
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To: JohnM who wrote (113597)6/18/2009 12:08:25 PM
From: Steve Lokness  Read Replies (1) of 541763
 
John;

Rather, the Obama plan is little more than an attempt to stick some new regulatory fingers into a very leaky financial dam rather than rebuild the dam itself.

Perhaps, but isn't Obama starting at a much higher level of regulation than Roosevelt did? Krugman was on this very issue last night on PBS news. (I can't see Krugman now without thinking of you - you don't look like him too do you? - that I think of you is a compliment BTW). Anyway, ...Krugman said the regulation of Obama's was generally good. He said he would have gone a little further, but in general he was happy with it. The woman from the (? ABA) said - of course - that the regulation went too far.

I would regulate them to the point of telling them when they can take a potty break - but, BUT, it is the big banks that need regulation. Too big to fail is NOT acceptable.

steve
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