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House Leader Frank Vows to Regulate Credit Default Swap Market

National News • October 14, 2008
The head of a U.S. congressional finance panel said Monday he would seek to regulate the fast-growing $55 trillion credit default swaps market, which has been blamed for exacerbating the financial ...

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Subject: RE: RE: RE: Finally!

Posted On: October 14, 2008, 12:56 pm CDT
Posted By: RS
Comment:
Very good Matt, it pays to read the Constitution sometimes! It's clear (to me at least) both parties are responsible for this mess and clearly greed rules. Unfortunately the politicians play to their audiences and keep getting re-elected even when they are clearly incompentent. I have no answers. I'm deeply disappointed that we ,as people, have not come any further than this. Our representatives do put themselves first and do seem to come out of the house or senate much richer than they went in. I know they didn't earn those riches from their pay so where does it come from? Even Obama is a millionaire several times over - I've no objection to people getting richer but how do they that in what is in a generally low paying sector of life? It's going to take a collective cleansing of politics and business that no one is willing to undertake to truly make the needed changes to avoid this type of mess in the near future. Instant gratification seems so engrained now. Requiring high schoolers to "volunteer" time for social services as Obama proposes isn't going to change that. Sorry for the rambling, but the flaws are occurring at such basic levels. Unless people are really willing to change their habits we aren't going to improve our lot in life. People say the newest working generation are even worse about it "all being about them" so am pessimistic about the future - today. :
Subject Posted By Posted On
Ignorant or Fraudulent... Vlad
Oct 15, 2008, 9:37 am
A Smelly Acorn The Nutcracker
Oct 14, 2008, 5:27 pm
RE: RE: RE: RE: RE: Finally! LH
Oct 14, 2008, 4:02 pm
RE: Fire Congress.....Democrats/Republicans LPO
Oct 14, 2008, 2:19 pm
RE: RE: RE: RE: Finally! RS
Oct 14, 2008, 2:10 pm
RE: RE: RE: Finally!
Oct 14, 2008, 2:01 pm
Fire Congress.....Democrats/Republicans Mark
Oct 14, 2008, 1:48 pm
Is He Kidding? Monarch
Oct 14, 2008, 1:46 pm
RE: RE: Finally! Bob
Oct 14, 2008, 1:26 pm
RE: RE: RE: RE: Finally! David
Oct 14, 2008, 1:18 pm
RE: RE: RE: RE: Finally! Super Genius
Oct 14, 2008, 1:04 pm
Gramm-Leach-Bliley Joe H
Oct 14, 2008, 1:02 pm
RE: RE: RE: Finally! RS
Oct 14, 2008, 12:56 pm
RE: RE: Finally! matt
Oct 14, 2008, 12:08 pm
RE: RE: RE: Finally! Donna
Oct 14, 2008, 10:58 am
RE: RE: Finally! wudchuck
Oct 14, 2008, 10:39 am
RE: Finally! Donna
Oct 14, 2008, 10:08 am
RE: Finally! RS
Oct 14, 2008, 10:02 am
Finally! matt
Oct 14, 2008, 9:41 am
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