Relevant:
- Banks Say Simpler U.S. Mortgage Forms Could ‘Stifle' Innovative Products
- Complex Loans Didn't Cause the Financial Crisis
- Industry Reps React To Reform Proposals
- Funding for Federal and State Financial Regulators Still in Question As Roles Expand
- Congressional Opponents of Consumer Financial Protection Bill Got Big Money from Wall Street Interests
2009-08-10 — latimes.com
"Obama's proposal to strip regulatory power from as many as eight federal agencies is meeting resistance from those who say another bureaucracy could stifle innovation in financial products."
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Comments:
tvsterling at 06:31 2009-08-11 said:
More yapping from the foxes who stand to lose when they are no longer guarding the henhouse. These people need to be more aware of what could happen if the citizens lose all belief in the fairness & good intentions of government. Things could get WAY WORSE for them than they realize. Wave after wave of recessions, the whole financial sector a rigged casino, the average guy or girl in the street has wised up. Don't try to kid us about losing our 'Financial Freedom'. All it is, is the freedom to become a debt slave, the freedom to choose what bridge to live under. Greenspan says he was 'Distressed' over the sub-prime mortgages. Can't he conceive that the people who lost & continue to lose their homes are a bit more than 'Distressed'? Permalinkadd a comment | go to forum thread
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