Former SEC Head Donaldson Calls for Regulatory Overhaul

By | September 19, 2008

  • September 20, 2008 at 4:14 am
    CE says:
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    What planet is this guy from? All of the post depression controls were removed when “Slick Willie” was president. What’s this new era crap? If Congress had left well enough alone we would not be in this mess now. It appears they are trying to use this financial crisis to take control of the insurance industry. AIG’s insurance companies are still strong viable and a prime target for a buyout.

    Although I would like to see more uniformity between the states, I don’t trust that the Federal Government will do a better job than the states. Do you think some politician in Washington getting his palms greased by lobbist really cares about Florida, Texas or any other state. I say keep the Federal Government out of insurance unless you want to see a repeat of the mess they have made of the banking and financial markets.



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