Reply #17: you have just demonstrated the problem with your idea [View All]

[onenote]

You indicate that "as far as I have heard" the "talk of more taxpayer funded bailouts in the new bank regulation bill" is "blatantly wrong."

Well, the problem is that there is very little in complex legislation such as the financial reform bill that is completely black and white with no shades of gray. And there is little in the statements made by those appearing on or quoted on news shows that is black and white either, or at least not in some part "opinion."

FWIW, I think the financial reform bill is a good bill and will help avoid future bailouts. Does it absolutely prevent them? No.

Here is one discussion of the bill that indicates how sound bite arguments on both sides of the issue tend to obscure the complexity and uncertainty of the matter.

http://www.theatlantic.com/business/archive/2010/04/will-dodds-financial-reform-bill-allow-bailouts/39022/