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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 451.79+1.8%Jan 22 4:00 PM EST

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To: energyplay who wrote (51485)6/18/2009 10:30:03 PM
From: carranza21 Recommendation  Read Replies (1) of 219655
 
I listened briefly. Was disappointed as he is a master of double-talk. Plus, I hate his grating accent and way of pronouncing words. I understand that is not a valid reason on which to judge him but it still creates a very negative perception for me.

Especially disappointed at the fact that he does not see any reason to automatically prohibit certain kinds of financial instruments.

Some clearly need to be prohibited.

I am not sure that the idea of putting the Fed in charge of regulating systemic risk is a good one esp. since it will be at the same time in charge of monetary policy.

It has not done a good job in the near past with respect to monetary policy, why should we assume it won't fail in this new, more important, role?

The new proposal puts an enormous amount of power in the hands of one entity and one man. Plus, the details of how the Fed would be empowered to deal with systemic risk were very thin. I still have no concrete idea what he was talking about.
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