"Over"-Regulatory KOOTIES !!


	"Over"-Regulatory KOOTIES !!

davboz

10-7-2008 3:51 AM

247 views

davboz says:

Never been more important to UNDERSTAND this issue.
Before more coercion, maybe we could try a little more freedom.

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10-7-2008 12:13 PM

ColoradoRight

It doesn't matter - 5 years from now you will have to go before a government board and justify why you should get a loan for a car or a house or just about anything.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/18a114b0-4838-4794-96c5-68f27df56065/FD74381A-91C7-4695-B49C-D3A8D5EABD04/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.tcsdaily.com/article.aspx?id=093008B" href="http://www.tcsdaily.com/article.aspx?id=093008B" style="font-size: 11px;">www.tcsdaily.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.tcsdaily.com/article.aspx?id=093008B">The fact is that this issue has been mis-framed by most of the press (and the administration) and therefore it has been misunderstood by the people. Freedom didn't lead us to this crisis ? central planning did. We weren't under-regulated; we were over-regulated. There has not been a single piece of deregulatory legislation passed in the last eight years.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.tcsdaily.com/article.aspx?id=093008B">But there was a major piece of re-regulatory legislation passed under Bush ? Sarbanes Oxley.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.tcsdaily.com/article.aspx?id=093008B">By upping the penalties on financial executives largely from civil to criminal sanctions it put the whole multi-thousand page regulation manual on steroids. No more fines; next time handcuffs.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.tcsdaily.com/article.aspx?id=093008B">No wonder, nobody wanted to hold politically tainted paper. Owning a mortgage backed security in this environment is like owning a pointy hat and a black cat in colonial Massachusetts.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.tcsdaily.com/article.aspx?id=093008B"> securities which the government invented (through Fannie Mae), and foisted upon the banking community (through the Community Reinvestment Act), now has regulatory kooties.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/FD74381A-91C7-4695-B49C-D3A8D5EABD04/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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