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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (418898)9/22/2008 12:08:46 PM
From: tejek  Read Replies (2) | Respond to of 1576891
 
Politics: A dubious and dangerous idea seems to be gaining strength — that government caused the financial crisis by giving capitalism free rein. If anything, it hasn't done enough of that.

There is no question gov't contributed mightily to this mess.



To: TimF who wrote (418898)9/23/2008 12:32:22 AM
From: tejek  Read Replies (1) | Respond to of 1576891
 
First, that bill didn't make regulation go away. It modernized the rules to fit the realities of the financial markets. Washington doesn't always get the rules right, but in this case it did.

First, it blurred the line between MS banks and WS banks without requiring the WS banks to undergo the kind of regulation MS banks experience. Secondly, it was authored by three Republicans who oppose regulation.


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