Talk of The Villages Florida - View Single Post - How Much Regualtion DO We Want?
Thread: How Much Regualtion DO We Want?
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Old 06-17-2009, 03:31 PM
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Originally Posted by Villages Kahuna View Post
It will be regualtions produced by a no-nothing Congress that we will expect to protect us from a recurrence of the financial meltdown on 2008. Scary.
Had to comment on your reference to a no-nothing rather than a know-nothing congress. Was this intentional (brilliant) or possibly a Freudian slip to describe Congress as the Prez's lap dogs? They can't seem to refuse him much.

Back to subject --- in all the talk of bank regulations, are there any plans to reinstate Glass-Steagall? And VK, since you know the industry far better than I and most others, perhaps you can explain how the bipartisan repeal in '99 helped the financial situation deteriorate. Or am I way off on this one?



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