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Nothing About Financial Overhaul?


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Every year they change the rules so new loopholes can be exploited by big businesses in the know and not by everyone else. These regulations are simple licenses of favoritism. Nothing will be reformed. The financial system will not be more transparent, the rules will not be better enforced. It will not serve our economy better. The big banks will become government holding companies for cheap credit. Currency will inflate because of it. In other words, nothing will change.

 

This is the third or fourth wave of supposed financial overhauls for this administration. The hoopla will continue endlessly, nothing will change. One party will praise big business as American and prosperous, the other party will demonize it, the stupid masses will bicker, nothing will change. We have always been at war with Eurasia.

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We're too busy reading the 2,500 pages of passing the buck to the next administration.

 

 

Our firm's client memo on it is over 300 pages long. We had a 6 hour presentation to clients on it earlier this week. An unbelievable cluster!@#$.

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Frankly, this should do a lot to stem the problems that got us into this mess. I was particularly impressed that they had the balls to include the true culprits, Freddie and Fannie.

 

No. Wait. What?

 

Please, are you trying to say that a government sponsored entity responsible for roughly 1/3 of the nation's subprime mortgages had anything to do with the subprime mortgage crisis?

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Wait...you mean congress generated something mammothly large, confusing, contradictory, and counter-productive? The hell you say... :rolleyes:

 

... before the commission it formed to investigate the root of the crisis delivers its report in December ... on something that is critical to the normal functioning of the economy ...

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... before the commission it formed to investigate the root of the crisis delivers its report in December ... on something that is critical to the normal functioning of the economy ...

But we had to do something, because the status quo is unacceptable, and the American people expect us do something that's not nothing, so while it's not a good bill, it's not nothing, and something is better than nothing.

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... before the commission it formed to investigate the root of the crisis delivers its report in December ... on something that is critical to the normal functioning of the economy ...

 

But Brawndo has electrolytes!

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