Quote:
Originally Posted by striperman36
I dont' hear it.
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I'm hearing it a bit from Obama/Biden and indirectly from McCain, but McCain is in a real pickle here.
He's asserting he'll "clean up" Wall Street, but the only way to enforce the "clean up" is through new legislation. If he were to come right out and say "regulation" the base would shoot him on stage.
The funny thing is that I think the Street likes limited regulation. It adds an element of protection and predictability to the investment process.
It's the corporations and their lobby ranks that want less as it makes it easier to game the system.
The result is going to be headline news for the time to some. I'm for limited regulation personally, we can argue what "limited" really means.
-spence