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| User Info | Obama's Financial Regulatory Reform in forum [Ticker] | |||
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Genesis Posts: 71391 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1132-O....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-06-18 08:40:24
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Karlmarxghost Posts: 2633 Incept: 2009-01-26 
Stealing Your Property
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The irony is all the laws are on the books and have been on the books to tackle these issues. I love how Obama talks about "20th century rules for 21st century issues" That is bull crap. This mess happened by breaking laws or just straight up not enforcing laws on the books. This is a power grab by the FED and government plain and simple.
---------- My views are my view and mine alone. Karl or ticker forum does not endorse or necessarily agree with my views. DO not trade on my views or take them personally.
2009-06-18 09:14:31
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Torgo Posts: 389 Incept: 2009-01-14
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Quote:New authority for the Federal Reserve to supervise all firms that could pose a threat to financial stability, even those that do not own banks. This will end well....
2009-06-18 09:42:47
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Lastchance Posts: 1132 Incept: 2008-11-19 Las Vegas
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Here we go. Fun with Geithner on TV.
---------- "We don't quit. I don't quit" President Obama 1/27/10 Man, I would to have him in one of our poker games.
2009-06-18 09:45:49
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Tesla Posts: 8174 Incept: 2008-04-03
Delaware
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You might also want to tie into your remarks on additional Fed regulatory powers that the BOG of the Fed contains on it some of the heads of those very banks that are being regulated - how is that not a conflict of interest ? Also that "independent" BOG member seats are currently partly unfilled. ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata
2009-06-18 10:44:54
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Wisc-xc Posts: 4822 Incept: 2007-07-14 
outside chicago Online
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Geithner and Co makes the Fed into an omnipotent Soviet style central planning agency. This is pretty much what Paulson offered up a couple years ago. It really is preposterous that this is even being considered given the awful track record of this entity. I'd be surprised if such sweeping pseudo reform actually makes it out of CONgress.
2009-06-18 10:54:32
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Steelhead23 Posts: 387 Incept: 2008-09-09 Portland OR
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Screw regulation. I say, take over the damn banks and run them in the public interest. Yeah, I know, that ain't gonna happen. So, if we are going to get a new office of financial consumer protection, I nominate Karl Denninger and Ralph Nader to tag team the office. One socialist and one good capitalist ought to scare the bejeezus out of Wall Street fraudsters. Might I suggest a snarling pit-bull logo?
---------- short em all - let God sort em out!
2009-06-18 11:00:10
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Viper Posts: 717 Incept: 2007-08-28
Madison, WI Online
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Fox guarding the hen house.
---------- http://www.mccotterforpresident.com/
2009-06-18 11:03:18
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Themortgagedude Posts: 3930 Incept: 2007-12-17
saint louis
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Written by big banks. Trying to run mortgage brokers out of the business. Also trying to get the smaller mortgage banks out of business. They can't afford to hold the percentage. Less choice for the consumer - more profit for the banks. ---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2009-06-18 11:59:42
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Hihoherewego Posts: 595 Incept: 2009-02-25
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It appears Gerald shares this opinion. Although his statement that the Fed is a private entity IIRC flies against KD's take on that. http://www.lewrockwell.com/blog/lewrw/ar.... ...... "Room 101." 1984
2009-06-18 12:51:48
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Hogman Posts: 1875 Incept: 2008-02-18
Derby City, USA
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Tjeff,Quote:The irony is all the laws are on the books and have been on the books to tackle these issues. I love how Obama talks about "20th century rules for 21st century issues" That is bull crap. This mess happened by breaking laws or just straight up not enforcing laws on the books. This is a power grab by the FED and government plain and simple. F'ckn A BINGO
2009-06-18 13:06:19
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Highrev Posts: 3124 Incept: 2009-02-21
ES Online
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Quote:Specifically, the problem is too much debt for the level of income available to service it. This cannot be corrected by spurring "more lending"; there is no more borrowing capacity! Until they GET IT, we can forget about anything getting fixed. I just can't believe how completely incompetent these folks are. Never in my wildest dreams (better said nightmares) could I have imagined that we would end of in hands of raving idiots. Either that, or they are extremely evil, but I'm inclined to go with the idiot factor ... for now. Edit: Please forgive my utter lack of diplomacy. ---------- You may fool all the people some of the time; you can even fool some of the people all the time; but you can't fool all of the people all the time. - Abraham Lincoln Last modified:
2009-06-18 13:23:30 by highrev
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Blankfiend Posts: 1736 Incept: 2009-02-07
MA
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Quote:If the Obama Administration is truly interested in financial regulatory reform ... 
---------- My Elliott Wave Blog: http://blankfiendsew.blogspot.com/ Democrats and Republicans are like M&M's - different colors on the outside and full of brown stuff on the inside. Last modified:
2009-06-18 16:45:10 by blankfiend
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Blankfiend Posts: 1736 Incept: 2009-02-07
MA
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Bill Cohan had some comments about this today in a Bloomberg video. A link to the video is on the home page under Editor's picks.
---------- My Elliott Wave Blog: http://blankfiendsew.blogspot.com/ Democrats and Republicans are like M&M's - different colors on the outside and full of brown stuff on the inside.
2009-06-18 17:25:08
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Lastchance Posts: 1132 Incept: 2008-11-19 Las Vegas
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Just in case people want a little more dosage of Geithner, here is some text nd/or video from PBS http://www.pbs.org/newshour/bb/business/.... ---------- "We don't quit. I don't quit" President Obama 1/27/10 Man, I would to have him in one of our poker games.
2009-06-19 00:14:11
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Laura Posts: 3153 Incept: 2008-05-05
Florida Space Coast
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TMD, I think we can safely assume that in their captured state the legislators only legislate that which benefits the banksters. They certainly are DEAF to their constituents. We might as well quit paying Congress and just let financiers run the entire f*king country. Highrev - they understand what they are doing, they are just arrogant enough that they think they can ensure that the ending is beneficial to them and their owners. ---------- Karl's just a shill for Big Math. 1LumpSum Honey, where's the AK ? Tyler Durden My Ford focus can get me from point A to point B just as good Tigger's Cadillac. And my back door window is not broken. Mliu
2009-06-19 00:23:18
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Mlshawaii Posts: 466 Incept: 2009-05-13
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Laura, They forgot how to read, too. I guess they just get paid to have sex with their campaign assistants. LOL.
2009-06-19 00:49:22
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Laura Posts: 3153 Incept: 2008-05-05
Florida Space Coast
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Oh, obviously! The stuff that's been passed during this Bernanke "crisis" for the most part has been pushed through on an unrealistic accelerated schedule. Most of the really big give-aways have been passed with little chance for more than a few congress people to read the entire bill. Why? I mean the crisis is hanging in there for the long haul and the duration, what's up with this quickie legislation? ---------- Karl's just a shill for Big Math. 1LumpSum Honey, where's the AK ? Tyler Durden My Ford focus can get me from point A to point B just as good Tigger's Cadillac. And my back door window is not broken. Mliu
2009-06-19 01:01:10
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Mlshawaii Posts: 466 Incept: 2009-05-13
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Laura, It's really scary, not to mention unconstitutional as all get out. Our checks and balance function of the government is NOT kicking in. My little theory is that the administration can so easily steamroll Congress by blackmailing them. Congress was too stupid to realize (when they passed the Patriot Act) that they would be spied on too! LOL. They all have skeletons, so voila. That's just a joke (mostly). The real reason is that they don't care. They will sign whatever is put in front of them, as long as they can get back to their Kennedy Center lifestyles. It's pathetic. Remember when people used to complain all the time about "gridlock" in Congress? I wish those days would return!
2009-06-19 01:08:49
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Glock36 Posts: 327 Incept: 2009-06-03 Banned
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How Things Are Done In Wa****on, D.C. Problem: We have this here Wall Street criminal and we must bring justice to these types, but alls we got is this here horse, rope and tree. Output From Congressional Committee: Take one rope and throw it over high-up limb. Tie one end to horn on saddle. Tie other end around newly-appointed "regulator". Use horse power to raise regulator to limb. Regulator climbs out on limb to get better view and watch for "irregularities"... Committee Chairman appears on CNBS to announce new plan to the admiration of talking heads... In the future when this does not solve the problem, move to a higher limb..... ---------- Black Helicopters Are Like ****roaches, You Never Find Just One Glock36's Law: Murphy Was An Optimist When You Find Yourself In A Hole, Don't Look Out Until You Identify The Type, As It Could Be A Foxhole The Greatest Enemy Of Knowledge Is Not Ignorance, But The Illusion Of Knowledge - Dr. Hawking
2009-06-19 09:10:50
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Bozonian Posts: 14033 Incept: 2007-09-01
PFT - Pure F'n Tin
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The problem is the fraud was so rampant you'd have to put most of the government in jail. Not going to happen. Fraud and corruption institutionalized, become policy. Third world nationhood, with guns, awaits us. ---------- I'm so depressed about outsourcing I called the suicide hotline and got a call center in Pakistan. They got all excited and asked me if I could drive a truck. Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice. Last modified:
2009-06-19 09:17:19 by bozonian
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Jules Posts: 46 Incept: 2009-04-18 Pickled in the brine of futility
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Things are spinning out of control so fast it's all I can do to keep up with who's doing what to whom, nevermind trying to do something to stop any one piece of it. Ayup, the Congress has rolled over, just as we did. Mlshawaii, I don't think that was a joke you made - you hit it dead on. ---------- **** them. **** them all. **** them all with bwarney frank's ****. - Asimov
2009-06-19 09:44:25
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Az Posts: 1658 Incept: 2008-09-22
Looking down the Rabbit Hole
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This is the final stratagem to change our form government by: Hegelian Dialectical Method: http://en.wikipedia.org/wiki/Thesis,_ant.... The triad is usually described in the following way: ▪ The thesis is an intellectual proposition. ▪ The antithesis is simply the negation of the thesis, a reaction to the proposition. ▪ The synthesis solves the conflict between the thesis and antithesis by reconciling their common truths, and forming a new proposition. In other words: They created a crisis with a credit bubble (thesis) They created a reaction to the credit crisis by changing government (antithesis) They have their solution that allows more control by the FED (synthesis) Problem/Reaction/Solution, however, its their game and win, not ours. ---------- Whistleblowers R my heros
2009-06-19 12:44:53
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Vfl Posts: 147 Incept: 2009-03-19 Seattle Metro, WA
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Regulatory reform? Another change? Watch Bernanke! If he is not reappointed and if Summers is not appointed, then there is a little chance that there might be a change coming in terms of regulatory reform of financial. Otherwise, just forget it all those lip services from the powers that be. A change you can count on and can be deposit in the bank--Yeah, a trillion deficit here, a trillion deficit there, pretty soon there will be nothing left to change.
2009-06-19 12:56:38
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Lastchance Posts: 1132 Incept: 2008-11-19 Las Vegas
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Some people may want to see it, so here is the complete interview with Barney Frank on NBR from 6/19/09 regarding regulatory reform. http://www.pbs.org/nbr/site/research/lea.... ---------- "We don't quit. I don't quit" President Obama 1/27/10 Man, I would to have him in one of our poker games.
2009-06-20 11:26:27
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