That some degree of regulatory reform is in order after the financial debacle of 2008 is incontestible. I do not know a conservative or a liberal who believes that every single part of the system is fine as is (or as was). However, the Senate and the House are currently in conference for the purpose of reconciling their two respective bills that are disingenuously called "financial reform". These days, if one opposes the measures they are considering (or even a portion thereof), that opponent … [Read more...]
Economics 101 for Idiots and Liars
December 10, 2009 By
I only use the inflammatory title to get your attention. But I also am only qualifying it to be a nice guy. I really do think they are idiots, and I really do think they are liars. I am just usually more reserved in my analysis. The hysterically-titled Wall Street Reform and Consumer Protection Act of 2009 bill is now being debated by Congress, and there are certainly some elements of it that I like. As a financial professional, I am all for the Fiduciary Standard that the bill would … [Read more...]
