Comments
Death By A Million Regulations
Oldest First  |  Newest First  |  Threaded View
Page 1 / 3   >   >>
RobPreston
50%
50%
RobPreston,
User Rank: Author
8/15/2013 | 2:50:55 PM
re: Death By A Million Regulations
Got a regulation or two you'd like to see killed? We'd like to hear about it here.
Shane M. O'Neill
50%
50%
Shane M. O'Neill,
User Rank: Author
8/15/2013 | 5:33:07 PM
re: Death By A Million Regulations
Mortgage regulations are horrible. I could not refinance for the rate I wanted and QUALIFIED FOR because of a Fannie Mae/Freddie Mac regulation that does not apply to my condo building at all yet has to be enforced. It was a year ago and I'm still angry.
mjensen810
50%
50%
mjensen810,
User Rank: Apprentice
8/15/2013 | 5:59:23 PM
re: Death By A Million Regulations
And if you think it is bad in the medical profession, try banking!
MyW0r1d
50%
50%
MyW0r1d,
User Rank: Strategist
8/15/2013 | 6:54:19 PM
re: Death By A Million Regulations
It is difficult to defend senseless government involvement and often contradictory regulations, however, ...
As long as there is a never ending stream of Dr. Fata's (allegedly prescribed chemo to patients without cancer) or Conrad Murray's or Bernie Madoff's or Lehman Brothers or the JP Morgan $2 billion loss on "egregious mistakes" as described by Bloomberg Press, just to name a few, I feel little pity for regulation and oversight. These industries have only theirselves to thank for the situation.
mjensen810
50%
50%
mjensen810,
User Rank: Apprentice
8/15/2013 | 7:06:56 PM
re: Death By A Million Regulations
Thank Dodd-Frank and the Consumer Finance Protection Bureau. It is protecting consumers by making it nearly impossible for them to get a mortgage!
Shane M. O'Neill
50%
50%
Shane M. O'Neill,
User Rank: Author
8/15/2013 | 7:15:13 PM
re: Death By A Million Regulations
I understand we needed rigid oversight after the subprime meltdown. But these regulations are so inflexible. I was eventually able to refinance with a local bank that keeps the loan in-house (hence can bypass Fannie-Freddie rules). But I didn't get close to the rate of a traditional loan.
rjones2818
50%
50%
rjones2818,
User Rank: Strategist
8/15/2013 | 7:48:29 PM
re: Death By A Million Regulations
And who gets to decide if a regulation is out of date, etc.?
mjensen810
50%
50%
mjensen810,
User Rank: Apprentice
8/15/2013 | 8:05:54 PM
re: Death By A Million Regulations
Unfortunately, the innocent get pilloried along with the guilty. As a small country bank, we certainly did nothing to contribute to the melt down or any of that, yet we get to adhere to the same regulations as the big boys.
RobPreston
50%
50%
RobPreston,
User Rank: Author
8/15/2013 | 8:12:45 PM
re: Death By A Million Regulations
Ah, excellent question. A committee of the good and great? I was half joking.
Thomas Claburn
50%
50%
Thomas Claburn,
User Rank: Author
8/15/2013 | 8:17:09 PM
re: Death By A Million Regulations
The entire tax code needs to be revised. Ideally, it should fit into 140 characters. Here's 33: All income shall be taxed at 15%.
Page 1 / 3   >   >>


Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest, Dec. 9, 2014
Apps will make or break the tablet as a work device, but don't shortchange critical factors related to hardware, security, peripherals, and integration.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of January 18, 2015.
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.