Dodd-Frank is a proven failure, as are its authors. We need to see systematic analysis of financial institutions and audits that are rigorous rather than routine. With objections to the finding, we need judicial reviews that take the politics out of the discussion.
There is ongoing poisoning of the minds of young people by the likes of Hillary and Bernie about the alleged evils of Wall St. professionals and institutions (while Clinton takes money from them on the side), and not enough honest discussion of the true underlying problems in banking, brokerage, and insurance.
Agreed. The government (through idiots like Frank and Dodd) help to create problems via their actions (or inaction) in government (LET’s GIVE EVERYBODY A LOAN!!!! – do it, OR ELSE), take NO ownership for their part in it – then expand regulation (via unelected bureaucrats) and government oversight as a solution. While, at the same time, allowing their buddies (who have lined their pockets) off the `legal hook’.
Same ole, same ole……
Just re-enact Glass-Steagall (which will piss off their donors)….problem solved.
Wall Street is evil and avarice is the root of it. Want to drug test the real welfare queens in this nation, drug test a broker. They pee out more money in a month than you earn annually.
Drug test ’em for what Planet……Coffee? Oh wait, you don’t believe in capitalism! It’s evil, right? Things run much smoother for the average `Joe on the street’ in Russia, China, Cuba, Venezuela (and those European countries that don’t have to pay to defend themselves).
How can a wealthy, 1%-er, broker be a ‘welfare queen’?
But, if you truly believe ‘Wall Street’ is evil, you won’t vote for either Trump or the other candidate whose campaign funds are comprised in large part of HYUUUGE donations from ‘Wall Street’. Amiright?
Anyone who thinks D.C. or most of its occupants are more capable than
the experts in the marketplace is just plain foolish or terribly biased in his/her political views. If the politicians would just leave he markets, and the economy, alone we’d all be better off in the long run. Not all of the time, of course, but better on average than government regulation would provide us.
Here’s a terse summary of the reasons why you are spot on correct regarding the issues you raised…
Politicians are not as easy to ‘fire’ as Chief Executives of private companies. The current USA political system shields politicians from the accountability needed for the Gummint to function effectively and according to the Will of The People.
So, when Gummint controls an economic ‘issue’ (e.g. healthcare services), its’ screw ups are perpetuated for a longer period of time than when the ‘issue’ is controlled by private companies. And some laws are difficult to repeal/ remove/ replace once they are implemented.
OTOH, private company management problems are almost immediately corrected by shareholders seeking accountability for how management improves their wealth through stock growth and/ or dividends. If not, stock prices will drop when investors re-direct their capital, and ‘mis-‘ management will be replaced.
So, Gummint should ONLY control essential services that can’t be effectively provided by the private sector; e.g. military, police, taxation. Notice that I didn’t include the USPS, which could be replaced by UPS, FEDEX, etc., all of which have proven to be more effective and efficient. The same goes for the VA and MANY more federal agencies.
Yogi, you mentioned the VA in your post. They still have not corrected their problems with service to our servicemen and women. Now that the Progressive Liberal gummint likes the transgenders so well, they will be doing these sex change operations instead of treating our veterans.
Dodd-Frank is a proven failure, as are its authors. We need to see systematic analysis of financial institutions and audits that are rigorous rather than routine. With objections to the finding, we need judicial reviews that take the politics out of the discussion.
There is ongoing poisoning of the minds of young people by the likes of Hillary and Bernie about the alleged evils of Wall St. professionals and institutions (while Clinton takes money from them on the side), and not enough honest discussion of the true underlying problems in banking, brokerage, and insurance.
Agreed. The government (through idiots like Frank and Dodd) help to create problems via their actions (or inaction) in government (LET’s GIVE EVERYBODY A LOAN!!!! – do it, OR ELSE), take NO ownership for their part in it – then expand regulation (via unelected bureaucrats) and government oversight as a solution. While, at the same time, allowing their buddies (who have lined their pockets) off the `legal hook’.
Same ole, same ole……
Just re-enact Glass-Steagall (which will piss off their donors)….problem solved.
Good one Yogi & Pete. Pay no attention to the Communist from Iowa. He is truly from a different planet.
Wall Street is evil and avarice is the root of it. Want to drug test the real welfare queens in this nation, drug test a broker. They pee out more money in a month than you earn annually.
Drug test ’em for what Planet……Coffee? Oh wait, you don’t believe in capitalism! It’s evil, right? Things run much smoother for the average `Joe on the street’ in Russia, China, Cuba, Venezuela (and those European countries that don’t have to pay to defend themselves).
Good one, Pete!
How can a wealthy, 1%-er, broker be a ‘welfare queen’?
But, if you truly believe ‘Wall Street’ is evil, you won’t vote for either Trump or the other candidate whose campaign funds are comprised in large part of HYUUUGE donations from ‘Wall Street’. Amiright?
Anything Dodd & Franks are for, I oppose. Too bad we have to depend upon too few sensible judges to reign in our out of control government.
Anyone who thinks D.C. or most of its occupants are more capable than
the experts in the marketplace is just plain foolish or terribly biased in his/her political views. If the politicians would just leave he markets, and the economy, alone we’d all be better off in the long run. Not all of the time, of course, but better on average than government regulation would provide us.
Here’s a terse summary of the reasons why you are spot on correct regarding the issues you raised…
Politicians are not as easy to ‘fire’ as Chief Executives of private companies. The current USA political system shields politicians from the accountability needed for the Gummint to function effectively and according to the Will of The People.
So, when Gummint controls an economic ‘issue’ (e.g. healthcare services), its’ screw ups are perpetuated for a longer period of time than when the ‘issue’ is controlled by private companies. And some laws are difficult to repeal/ remove/ replace once they are implemented.
OTOH, private company management problems are almost immediately corrected by shareholders seeking accountability for how management improves their wealth through stock growth and/ or dividends. If not, stock prices will drop when investors re-direct their capital, and ‘mis-‘ management will be replaced.
So, Gummint should ONLY control essential services that can’t be effectively provided by the private sector; e.g. military, police, taxation. Notice that I didn’t include the USPS, which could be replaced by UPS, FEDEX, etc., all of which have proven to be more effective and efficient. The same goes for the VA and MANY more federal agencies.
Yogi, you mentioned the VA in your post. They still have not corrected their problems with service to our servicemen and women. Now that the Progressive Liberal gummint likes the transgenders so well, they will be doing these sex change operations instead of treating our veterans.