Mac1958
Diamond Member
I know all the talking points, from both ends, thanks.Being neck-deep in the financial services industry as a profession, having seen and lived through the causes and effects of the Meltdown, living this stuff every day, getting my information directly from the source(s) at all times, I disagree.That's what Daffy Don has been doing, well that and eliminating regulatory redundancy and those whose costs outweigh their benefits.Cutting or increasing regulation for the purpose of cutting or increasing regulation is a dumb idea that only partisans can back.
Instead of this blind, stupid back-and-forth between hyper-regulation and hyper-deregulation, we should be deleting ineffective regulation
LOL, boy you've really bought into the politician speak bullshit, huh? Can you possibly be as naïve as you sound? Do you understand who contributes the lions share of the content for the vast majority of regulation that finds it's way into the Federal Register? (hint: the organizations that are the ostensibly the targets of said regulation, it's the most efficient way to stifle competition, provide yourself cover from civil and criminal litigation and to protect your bottom line)and creating smart and efficient regulation that protects consumers without creating too much drag on the dynamic elements of capitalism.
Nobody in Washington gives a FUCK about protecting you from anything so when some politician starts yammering at you about "smart and efficient" anything, what he's really saying is, "more covert and efficient ways to allow politicians and their pals to plunder your liberty and your property".
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What does being in the financial services industry have to do with understanding the prevailing regulatory system? Are you the CEO of Goldman Sachs? if not being in the financial services industry doesn't lend you any deeper understanding of the existing U.S. regulatory regime, it confers some expertise in pushing numbers around a screen and being able to count without using your fingers and toes and maybe some understanding of how low and for how long you have to grovel for tax payer bail outs when your industry fucks up with other peoples money.
When you start throwing around verbatim politician quotes like "smart and efficient regulation" it just belies the fact that you've bought into the bullshit and don't understand that the regulatory power lies with those that have legions of lobbyists and truckloads of campaign money, which isn't YOU. The vast majority of regulation that is penned by unelected bureaucrats and dictated by lobbyists and think tankers isn't created with "smart and efficient" in mind, nor is it created to benefit you.
Smart and efficient.. give me a break, we can't even manage FAIR and UNIFORM and that's not the fault of the miscreants in Washington that's the fault of the sheeple most of whom don't have a clue as to what the Federal Register is, what's in it , who actually authors regulation or the fact that their elected "representatives" have completely abrogated their Constitutional responsibilities when it comes to bringing them into being.
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