Government Ponders Easing Rules on Financial Industry

[angry_chuck]

Government should ease up on regulations for Wall Street, according a new report. The study was initiated by people on Wall Street, and at the Treasury Department. They are concerned that excessive regulation is hurting U.S. competitiveness in one of its important industries: finance. David Wessel, deputy Washington bureau chief of The Wall Street Journal speaks with John Ydstie.

http://www.npr.org/templates/story/story.php?storyId=6564627&ft=1&f=1012

Like they need less restrictions? More like more loopholes for the rich banker elite and their (former?) colleagues at the Treasury.

[TahitiNut]

1. This is another sign of an approaching "Perfect Storm" imho.

It seems clear to me that the "financial industry" (i.e. investment banking) is losing the battle to keep the toppling pile of debt and inflated equities erect. This move reeks of a reaction to insider pleas for greater latitudes in giving the Wizard thicker curtains and flashier pyrotechnics. The housing market, a last refuge for Pollyanna privateers, is about to deflate like an airbag. Get ready for a wild ride - indicators are at extremes unseen since immediately prior to the Great Depression and the firewalls and protections established with the wisdom of near-term hindsight are all but disassembled by the same interests having opposed them for 70 years.

[Hubert Flottz]

2. I think you're right!

And the rabid bloodsuckers want to hold on to every penny they've rat holed!

[Greyhound]

3. Once again, a perfect summation.

It's all got to "correct" and they've managed to prop it up and delay the inevitable for so long that when it does crash it's going to be much, much, worse.
:kick: & R

[sweetheart]

4. nothing like unbiased research

In an age when all persons are so unbiased, i'm shocked!! that wall street
would promote less controls on its capital and derivitives operations,
is utterly out of character with such upstanding and patriotic people,
who live only for the welfare of others, and the benefit of the world
economy, that all persons come to enjoy a wealthy standard of living
without a polluted and bombed-to-shit planet not covered by war factories.

I'm so glad they found some unbiased advisors, as otherwise we might
have to question their intent. ;-)