More fodder for Obama/Biden

[Nebe]

The whole mortgage crisis is Enron on a national scale- People should see jail time for this mess..

[striperman36]

Originally Posted by Nebe

The whole mortgage crisis is Enron on a national scale- People should see jail time for this mess..

I can see the congressional hearing now.

[Nebe]

it will never happen

[spence]

If there ever was a time to make the Dem argument for increased regulation...the time is now.

-spence

[striperman36]

Originally Posted by spence

If there ever was a time to make the Dem argument for increased regulation...the time is now.

-spence

I dont' hear it.

[spence]

Originally Posted by striperman36

I dont' hear it.

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

[striperman36]

Originally Posted by spence

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

Then less lobbyists!!!!

I agree the two camps are in a real bind with this one.

[EarnedStripes44]

Originally Posted by spence

If there ever was a time to make the Dem argument for increased regulation...the time is now.

-spence

Your absolutely right, Spence. The Dems could really nail the coffin shut on this one with some ambitious policy. Obama should not even have to criticize the otherside, or lay fault; but rather present some headline stealing comprehensive solutions.