Senate Financial Bill Misguided, Some Academics Say

Discuss whatever you want here ... movies, books, recipes, politics, beer, wine, TV ... everything except classical music.

Moderators: Lance, Corlyss_D

Post Reply
DavidRoss
Posts: 3384
Joined: Mon May 30, 2005 7:05 am
Location: Northern California

Senate Financial Bill Misguided, Some Academics Say

Post by DavidRoss » Mon May 03, 2010 9:20 am

From the NY Times
Binyamin Applbaum & Sewell Chan wrote:Senate Financial Bill Misguided, Some Academics Say

As Democrats close in on their goal of overhauling the nation’s financial regulations, several prominent experts say that the legislation does not even address the right problems, leaving the financial system vulnerable to another major crisis.

Some point to specific issues left largely untouched, like the instability of capital markets that provide money for lenders, or the government’s role in the housing market, including the future of the housing finance companies Fannie Mae and Freddie Mac.

Others simply argue that it is premature to pass sweeping legislation while so much about the crisis remains unclear and so many inquiries are in progress.
Rest of story here: http://www.nytimes.com/2010/05/03/busin ... ?th&emc=th
"Most men, including those at ease with problems of the greatest complexity, can seldom accept even the simplest and most obvious truth if it would oblige them to admit the falsity of conclusions which they have delighted in explaining to colleagues, which they have proudly taught to others, and which they have woven, thread by thread, into the fabric of their lives." ~Leo Tolstoy

"It is the highest form of self-respect to admit our errors and mistakes and make amends for them. To make a mistake is only an error in judgment, but to adhere to it when it is discovered shows infirmity of character." ~Dale Turner

"Anyone who doesn't take truth seriously in small matters cannot be trusted in large ones either." ~Albert Einstein
"Truth is incontrovertible; malice may attack it and ignorance may deride it; but, in the end, there it is." ~Winston Churchill

Image

Post Reply

Who is online

Users browsing this forum: No registered users and 5 guests