Two ideas being discussed, prevention of future financial crises

[Ah Xoc Kin]

a financial product safety commission
--to make sure that products bought and
sold by banks, pension funds etc. are
safe for the institution and for consumers

a financial systems stability commission
-- to take an overview of the entire financial system

- edit.... these are interesting ideas but what
happens when the industry challenges and tries
to erode authority?

[Warpy]

1. That used to be the SEC

but the revolving door between the SEC and brokerages pretty much assured that the agency would remain disinterested and toothless.

What they need to do is nail all the revolving doors between corporations and the government shut and never open them again.

[jflood1016]

2. 21% Loss

That is how bad my 401K has done over the last 1 year. Thanks a bunch Mr. President. At least gay people can't get married.