The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: Giordano Bruno who wrote (18012)	4/21/2011 9:53:41 PM
From: ggersh	1 Recommendation Read Replies (2) of 119360

This Fcukin clown is back huffingtonpost.com Greenspan Is Back to Lead the Charge Against Responsible Regulation Wall Street bankers, with help from key Republicans in the House and Senate, have begun a major campaign across the country to kill the regulations currently being developed to enforce Dodd-Frank Wall Street Reform. A recent speech by the leader of Wall Street bankers, JP Morgan's CEO Jamie Dimon, took direct aim at financial regulation and new, more rigorous capital standards. The same week, Alan Greenspan -- just a year removed from his mea culpa on "self-regulation" -- said the Dodd-Frank legislation would create the "largest regulatory-induced market distortion" in the US since wage and price controls. Very shortly afterwards Senator DeMint introduced a bill to repeal Dodd-Frank. And House Financial Services Committee Chairman Spencer Bachus led 34 of the committee's Republicans in sening a letter to the six agency heads charged with implementing the Dodd-Frank Act stating that the members are "troubled by the volume and pace of rulemakings."

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