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Death By A Million Regulations
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kkinnison
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kkinnison,
User Rank: Apprentice
8/27/2013 | 12:12:17 PM
re: Death By A Million Regulations
If you seriously believe that the entire economy collapsed because a few people couldn't pay back their loans you need to look harder at what happened. There is always a percentage of loans that was expected to fail, only a relative tiny amount of extra failures started the snowball.- And if those HAD been under the fannie/freddie umbrella we wouldn't have had an issue.
RobPreston
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RobPreston,
User Rank: Author
8/22/2013 | 9:53:16 PM
re: Death By A Million Regulations
Perhaps there's hope. Some food for thought on WSJ.com (subscribers only): http://online.wsj.com/article/...
RobPreston
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RobPreston,
User Rank: Author
8/19/2013 | 6:37:41 PM
re: Death By A Million Regulations
If we're just out to stick it to the "annoying profit sink-holes," let's not take down the good with the bad. As mjensen810 states above, "the innocent get pilloried along with the guilty." Let's crack down on the bad actors, not everyone in a given industry.
pwndecaf
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pwndecaf,
User Rank: Apprentice
8/19/2013 | 6:36:30 PM
re: Death By A Million Regulations
And who made the stupid loans that would not be paid back? It wasn't the government and the people that bailed out their sorry a$$es. Fannie/Freddie are private enterprises, which the government has no business sponsoring (GSE).
pwndecaf
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pwndecaf,
User Rank: Apprentice
8/19/2013 | 6:30:03 PM
re: Death By A Million Regulations
Try this - speculative financial banking vs commercial banking. Good enough!
Stay away from my money if you are the former.
UberGoober
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UberGoober,
User Rank: Strategist
8/19/2013 | 5:57:12 PM
re: Death By A Million Regulations
The first thing I'd suggest is a Constitutional amendment to limit all laws to 20 pages. If you've got a lot to do, write a lot of laws that an ordinary person can understand. There's never been or will be a 1000 page law that does what it should (cf: Dodd-Frank, ACA, etc).
UberGoober
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UberGoober,
User Rank: Strategist
8/19/2013 | 5:24:30 PM
re: Death By A Million Regulations
Historical revisionism will get you nowhere but the podium at the Democrat convention. For the record, the regulations requiring loans to folks who had no real chance or repaying them, plus the implict (and actualized) gubmint backing of Fannie and Freddie are primarily what got us into the mess. The temptation to make a bad loan and sell it to government backed suckers was high, and a lot of folks took 'em up on it.

That and the stupidly long period of very low interest rates that led to the housing bubble; of course, Bernanke is too smart to do that again... NOT.
kallinghamk2l
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kallinghamk2l,
User Rank: Apprentice
8/19/2013 | 4:10:44 PM
re: Death By A Million Regulations
Come on. Regulations exists for one reason and one reason only. Bad past behavior by corporations not caring about the welfare of workers, the public, and other annoying profit sink-holes like that...
NJ Mike
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NJ Mike,
User Rank: Strategist
8/19/2013 | 12:02:39 PM
re: Death By A Million Regulations
Hey, there should be a regulation specifying requirements for "Like" buttons, so whatever website or forum you're reading, you can easily identify the "Like" button". Oh, and there should be a requirement for a "Not Like" button.
ANON1246385228451
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ANON1246385228451,
User Rank: Apprentice
8/17/2013 | 3:09:07 PM
re: Death By A Million Regulations
Great idea! The Department of Regulatory Regulation! A new cabinet post.
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