The random political thoughts thread (Part Deux)

[scaeagles]

Well, hopefully they aren't funding those banks. Right now all that is happening is removing the funding from ACORN, which I think is appropriate.

Also, Congress is already in process of throwing more regulations at the industry. The problem is, that for the unscrupulous (of which there are many on Wall Street), there is always some creative way around regulations. OI've heard wise financial advisors say the biggest problem with regulation is they are always regulating the last problem, with not real way to anticipate the next one.

[flippyshark]

Originally Posted by scaeagles

Well, hopefully they aren't funding those banks. Right now all that is happening is removing the funding from ACORN, which I think is appropriate.

Also, Congress is already in process of throwing more regulations at the industry. The problem is, that for the unscrupulous (of which there are many on Wall Street), there is always some creative way around regulations. OI've heard wise financial advisors say the biggest problem with regulation is they are always regulating the last problem, with not real way to anticipate the next one.

Depressing but I bet you're on to something here.

[innerSpaceman]

Originally Posted by scaeagles

Well, hopefully they aren't funding those banks. Right now all that is happening is removing the funding from ACORN, which I think is appropriate.

Not funding those banks?!?!? How would you define handing them $750 billion dollars such that they have gone from brim-of-bankruptcy to healthily-profitable? Is that not "funding?" It's not grants, yeah. But it was voted by Congress just the same.

[scaeagles]

Originally Posted by innerSpaceman

Not funding those banks?!?!? How would you define handing them $750 billion dollars such that they have gone from brim-of-bankruptcy to healthily-profitable? Is that not "funding?" It's not grants, yeah. But it was voted by Congress just the same.

Well, crap, yeah. I'm with you on that one. Brain fart. I think once a corporation accepts that kind of help from the government then they need to submit to whatever as the price they pay.