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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (80741)	3/11/2010 10:05:19 AM
From: longnshort	3 Recommendations Read Replies (1) \| Respond to of 224750

Ex-Obama Adviser: Democrats May Get ‘Slaughtered’ in Fall "I think that there is a real shot we [Democrats] are going to get slaughtered in elections this fall if we aren't leading the efforts to reform Washington. We campaigned in '06 and '08, and if voters don't see that change, we haven't lived up to that promise." breitbart.tv

To: Kenneth E. Phillipps who wrote (80741)	3/11/2010 7:34:36 PM
From: TimF	2 Recommendations Read Replies (1) \| Respond to of 224750

Excessive deregulation Overall regulation, increased. Regulation of finance also increased. We need to modernize I suppose, but that's a pretty meaningless statement. and apply the same general principles that were behind the Glass-Steagall, Which has little to do with either modernization or avoiding serious financial risks. We need size caps on the biggest banks in our financial system, preferably as a percent of GDP. Why? We should tighten capital requirements substantially. In some cases this makes some sense. And we must regulate derivatives more tightly That's a very general thought. "More tightly" might be appropriate depending on what specifically is being regulated and how it is being regulated, but even that isn't certain. "Tightly" isn't a good idea.