"the most profound restructuring of financial regulation since the Great Depression"

[ProSense]

Reinventing financial regulation

The landmark legislation approved by the Senate on Thursday evening represents the most profound restructuring of financial regulation since the Great Depression. Here are some of the highlights of the bill, which was born out of the wreckage of the recent financial crisis, and the problems it is designed to address.

[Cha]

1. Thank you..nice easy

charts.

[phleshdef]

2. Most critics don't care. They were told by those they deemed the most liberal among us what to think

...and thats what they are going to go with, regardless of how off base they are.

[Tarheel_Dem]

3. +1

[FrenchieCat]

4. And they talk about who's walking in lockstep!

Hell, most folks don't even read anything, and yet they have opinions up the yang-yang.

I find it fascinating.

[AllentownJake]

9. Want to debate the bill

:evilgrin:

Be careful when you talk shit.

[Radical Activist]

26. Who gave the orders that the public option was the only part of HCR worth caring about?

I'm disappointed it isn't included too, but the uniformity in thought among people who claim to be free-thinkers is bizarre.

[AllentownJake]

6. Checking in

:-)

Seeing that I mostly advocate for people to develop their own critical thinking skills and to figure things our for themselves based on their experiences in the world and their education...hey but the stick figure diagram is purtty for the class that can't read.

[AllentownJake]

5. We are using stick figures now

For real. Well at least I know some on DU will understand your talking point better.

[FrenchieCat]

7. Most won't even read stick figures.....

as it may go against what they would prefer to believe.

[AllentownJake]

8. Well the stick figures are propaganda

To explain a rather lengthy bill with a lot of things in it.

However, stick figures are what you understand...stick with them ;-)

Wish I was more artistically inclined...I could be a contender.

[FrenchieCat]

10. Propaganda is everywhere......and with many you don't even get a drawing....just someone's opinion.

And actually, there are no stick figures in that OP.....
but maybe you didn't really look at it, or else you'd know.

[AllentownJake]

11. I was making a joke

Little people shaking hands, buildings on fire. You might as well have ended it with a smiley happy face.

I did look at it, had a good laugh, and am now going to the garden store for some mulch.

I wash my hands of this, and them.

[FrenchieCat]

12. LOL!

You're hilarious!

[AllentownJake]

13. I'd take the time to write something

but I doubt you'd understand it. Sorry can't draw any pictures for you, poor fine motor skills in my fingers.

[FrenchieCat]

14. Well, you know me. I'm not as smart as you are.

I realize that my being an accountant for the past 30 years is diddly squat next to your amazing accomplishments to date.

But if you write something, I can always print it out and ask my Son-in-law who got his degree in economics from Harvard and now works at WASHU what he thinks about it. I'll be visiting him and my daughter next week.

[AllentownJake]

15. Harvard is supposed to impress me these days?

George W. Bush went to Harvard. Even got a Masters there.

What do you think of FASB 157?

What do you think of the politicization of the accounting standards board, where a congressman like Kanjorski can bully the board into changing standards?

Are you an accountant or are you a clerk?

As far as my record, I saw this European debt blow-up when you all were talking about Greece being a small country.

The contagion is spreading. You can't spend your way out of a deflationary debt crisis.

[FrenchieCat]

16. My son in law is not George W. Bush.

My son in law didn't have any relatives that went to Harvard. That's not how he got in.
Neither did my daughter.

And since you believe that you are a superior accountant than I, that's fine too.

As for FASB 157, it deals with the rules used in determining fair values measurements of securities per GAAP.

I run my own small company doing financial accounting and taxes for small businesses, depending on what their needs are (I also help them implement Bookkeeping for the in-house Bookkeeper). Currently, I also do bankruptcy accounting (tracking DIPs, filing MORs and Forms 26, etc..), and appears and represent clients at various taxing agency audits if needed.
I'm tired of doing it.

As I get older, I much prefer cooking, decorating (I paint, wallpaper, wire and shop shabby and have done a few jobs), reading, being involved where I can in some local, but mainly national district politics, and of course, I like arguing on the Internet although I'm getting tired of that too.

So what do you like to do apart from bragging on yourself?

[AllentownJake]

18. I like growing roses

I was annointed as "leadership" potential in the financial services industry. Flew more than a few times with some of the executives, God they are souless people. The stuff they do makes my stomach sick. I chose compliance over other functions for a while, much to a few people's chagrin, still when you are working for the devil...I don't even know why they have ethics classes anymore in business schools.

The bill is a band-aid and not a strong one. At the end of the day this is a cultural problem and it goes to the top of the food chain. The banks will circumvent the regulations, have written loopholes into the bill through their favorite stooges (many on our side of the aisle) and we will have another crisis sooner rather than later.

I'm at the point where I know it is coming down. It doesn't have to, but the Larry Summers and Bob Rubin's of the world are too greedy and evil to allow for any other result. Took a job at a third of a pay for a non-profit. Actually much happier.

I'll do as much good as I can till I'm called home.

and yes, I'm an arrogant son of a bitch.

[FrenchieCat]

20. Well, at least it's good to know who one is talking to.

I'll just sit back and watch. Nothing was ever gonna be perfect, that I was sure of.....
But hey.....this shit took 30 years in the making, and yeah, the culture is quite unmovable,
and the media doesn't help. They seem to discourage change, pick at it, and then act astonished
it didn't happen as well as it could have.

[AllentownJake]

22. The media is owned by 5 companies

Who collect money from the other large companies to distribute their message. When you understand that, you realize why the media acts the way they do.

We are slightly better off than a Soviet Citizen in the 1970s.

[Jennicut]

27. Hey, I like stick figures!

I am dyslexic, truthfully. It is easier for me to understand.

[ShortnFiery]

17. But unlike the 1930s, all our tax money is going to the super-rich in hopes they will do the

moral actions.

What could possibly go wrong? :nuke:

[Jakes Progress]

19. I'm not a economist. You're not an economist.

You want to trust cartoons form the Washington Post? Me. I just watch the bankers and brokers having a party. If the bankers are relieved, I'm not.

[FrenchieCat]

21. I think the more information the better.

Seriously.

[Jakes Progress]

24. Seriously? Any information? From anywhere?

DU spends half its time denouncing the false information that faux feeds its idiots. rush spews out "information" all day long.

But you want more information. Doesn't matter where from or what the motive or whether it really says anything. Just more.

Cartoons and simple graphs are used to gloss over the nuances that the bankers and brokers and thieves have already figured out. They get it. That's why they are celebrating.

[BR_Parkway]

23. If the "too big to fail" folks became banks so they could go to the discount

window and get the government money - why doesn't the FDIC have jurisdiction over them now to break them up and all if they are insolvent? Haven't seen any explanation anywhere as to why this one new segment of the reform legislation is needed over the system that's already in place

[Radical Activist]

25. Wow. This is actually helpful.

Thanks