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Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: Lane3 who wrote (17370)	4/27/2010 9:38:44 AM
From: Mary Cluney	Read Replies (1) \| Respond to of 42652

<<<If you take this as your premise, the Democratic bill is fine and reasonable. It would force derivative trading out into the open. It would create a structure so the government could break down failing firms in an orderly manner. But the bill doesn’t solve the basic epistemic problem, which is that members of the establishment herd are always the last to know when something unexpected happens. If this were a movie, everybody would learn the obvious lessons. >>> I will take a simplistic view. We are not going to and we don't need to teach everyone a lesson. We don't need a "No Regulator Left Behind" approach. We just need to appoint regulators, who are competent, and willing to regulate. Appointing a deregulator like Chistopher Cox to head the SEC was totally irresponsible and utterly stupid. Just to make sure we don't appoint another Christopher Cox, we need to tighten regulations a wee bit and set up a Consumer Protection Agency to be headed by someone like Elizabeth Warren.