In 2004, SEC exempted five firms from required capital/debt ratio regulations

[Ben]

[url="http://bigpicture.typepad.com/comments/2008/09/regulatory-exem.html"]http://bigpicture.typepad.com/comments/200...atory-exem.html[/url]

[Homer_Rice]

Ritholtz is always a good read, as is Roubini.

Taking a wider view, let's wait to see how many folks describe this as it truly is: a form of soft fascism.

Checklist:

1) [s]destroy industrial base, thereby ruining fundamentals of economy;[/s]
2) [s]which creates a debt-service culture, bleeding out and[/s]
3) [s]impoverishing the bulk of your population.[/s]
4) [s]adopt aggressive and unlawful foreign initiatives.[/s]
5) [s]impose severe restrictions on civil liberty.[/s]
6) [s]dupe a large portion of the population into supporting unwise leaders.[/s]
7) [s]choose to save corporations instead of people.[/s]
8) reap the whirlwind.

[Jamie_B]

I really cant say Im supprised by this.