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Politics : The Obama - Clinton Disaster
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To: GROUND ZERO™ who wrote (23753)12/26/2009 9:41:56 PM
From: DuckTapeSunroof  Read Replies (1) of 103300
 
Re: "You can't use the same rules to govern both"

I agree.

But I think we should draw the *best* features from each regulatory system (NEITHER has ever been anywhere even CLOSE to 'perfect'... both regulatory modes have strengths and weaknesses) and craft a better, more comprehensive and less trouble-prone set of unified financial regulations.

A regulatory system that doesn't have such gaping holes and blind spots and unproductive rigidities in it.

(And this will be hard to do because so may of the old bulls in Congress have their own FIEFDOMS to defend. If we unify financial regulations some of the sub-committee chairmen have to LOSE THEIR JOBS... and, thus, their access to campaign contributions.)
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