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So Obama appointed a Daley who helped repeal Glass-Steagall


CTBengalsFan

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[quote name='Numbers' timestamp='1295061929' post='962093']
Oh no, not this again. Please contact Homer Rice for a response. regulation smegulation and New Deal Liberalism, I quit.
[/quote]


Yeah I mean who needs a separation of consumer and investment banks anyway? Systemic Risk FTW!!!
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[quote name='Numbers' timestamp='1295061929' post='962093']
Oh no, not this again. Please contact Homer Rice for a response. regulation smegulation and New Deal Liberalism, I quit.
[/quote]
Wait! You can't quit! [url="http://i.imgur.com/12lSI.jpg"]I was just putting on appropriate garb for my response.[/url]
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[url="http://www.huffingtonpost.com/william-k-black/the-antiregulators-are-th_b_809001.html"]The Anti-Regulators Are the "Job Killers"[/url]

snippet:
[quote]The S&L debacle, the Enron era frauds, and the current crisis were all driven by accounting control fraud. The three "des" are critical factors in creating the criminogenic environments that drive these epidemics of accounting control fraud. The regulators are the "cops on the beat" when it comes to stopping accounting control fraud. If they are made ineffective by the three "des" then cheaters gain a competitive advantage over honest firms. This makes markets perverse and causes recurrent crises. [/quote]
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