Free Republic
Browse · Search
News/Activism
Topics · Post Article

"looming regulatory burdens", more like endless regulatory burdens. But that's how Democrats write legislation, pass the bill and fill in the details later when they can feel free to put in their real intent.
1 posted on 09/09/2012 11:32:04 AM PDT by Son House
[ Post Reply | Private Reply | View Replies ]


To: Son House

These are Mitts kind of regulatory burdens. Vote Mitts.


2 posted on 09/09/2012 11:43:02 AM PDT by deadrock
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Son House
The average salary at the Securities Exchange Commission is $147,595.

Ugh.

This article doesn't even include the affirmative action rule which I understood were included in Dodd Frank.

What I understood was that the Gov't is now requiring affirmative action for top positions at Gov't entities like Treasury, SEC, the Fed, etc.

This also would include all private companies in contractal agreements with the Federal Gov't. Can you imagine all our financial institutions run by boards required to hire the requisite number of hispanics, women, transsexuals? Nightmare!!

3 posted on 09/09/2012 11:53:37 AM PDT by what's up
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Son House

Seems like we could just put the 37 page Glass-Steagall Act back into place.


4 posted on 09/09/2012 12:03:47 PM PDT by Wolfie
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Son House
I had a conversation with a commerical banker off the record and they noted...

* They are afraid to make loans for fear of getting gigged by what has not been filled in the regulation boxes W/ D-Frank.
* Business they know? sure, they will loan money to them, new start up? don't bother, go to the VC guys...
* Repeal D-Frank? don't look for a Romney recovery ASAP, In their humble opinion it will take 3 years to unwine D-Frank and folks will still be scared of it...
* Hated Credit Unions, CRDA doesn't apply to them and feels the playing field is not level. They wouldn't make loan's via the CDRA if they weren't mandated too. Never sees it being repealed, political suicide....

Welcome to the FUBARing of America...

5 posted on 09/09/2012 12:29:25 PM PDT by taildragger (( Palin / Mulally 2012 ))
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Son House

Instead of passing Dodd Frank they should have reinstated Glass Steagall thereby separating commercial/retail banking from more speculative investment banking. The repeal of Glass Steagall created the “too big to fail” banks. If it were not for Glass Steagall Bush/Paulson/ and Bernanke could have just let Goldman, Morgan Stanley, Merrill Lynch and Lehman go down in 2008. If any of the commercial banks (Wachovia, Washington Mutual, Wells Fargo, JP Morgan Chase, or Citibank had been insolvent, they could have been restructured in a normal bankruptcy with the retail depositors covered by FDIC insurance while the shareholders, bondholders and management would have taken the hit instead of the taxpayers.

As long as the banking system is structured to allow investment bankers to speculate with the savings of the middle class, with the government backstopping the speculators in the event they blow everything up, we will not have a sound economy. The contempt the investment bankers showed the taxpayers in 2008/2009 begging for bailouts and then turning around in 2010/2011 paying themselves record bonuses was deplorable.


7 posted on 09/09/2012 2:58:31 PM PDT by Soul of the South
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson