Comments on: Is There Any Consumer Protection Issue Blue Dogs Support?

By: masaccio

masaccio — Sat, 26 Sep 2009 03:35:57 +0000

MarkH, the idea is to let the state people enforce their own consumer protection laws, as well as to let them enforce Federal laws as well, as I understand it.

The administration gave Congress a fairly detailed set of ideas for legislation.

By: MarkH

MarkH — Fri, 25 Sep 2009 23:48:19 +0000

My impression is that the executive branch wants to give a little direction, but leave the real legislating to Congress. There we can expect Frank & Dodd and perhaps a few others to weigh in. Many of those in Congress will be more friendly to the view of progressives (and even the dfh who frequent this foul-mouthed fem-blog).

By: MarkH

MarkH — Fri, 25 Sep 2009 23:44:33 +0000

Q: Are we talking about state gov’t regulators (potentially) enforcing state laws or federal laws?

Q: Or, are we talking about federal prosecutors within states enforcing federal laws?

By: MarkH

MarkH — Fri, 25 Sep 2009 23:41:40 +0000

Was the disclosure about Ross not enough for your blood lust?

By: sbvpav

sbvpav — Fri, 25 Sep 2009 21:02:54 +0000

that is a rhetorical question isn’t it? it now is all too obvious the republicans in sheep’s clothing calling themselves democrats are hopelessly bought and paid for by their corporate sponsors from the banking industry and wall street to the health care for profit industry to the oil, gas and coal industries.

whatever does or does not happen this time around on all these issues, one thing is for sure, these blue tics need to go! tell them to come clean and switch parties where they belong! there constituents on both sides will thank them; and don’t get me started on rahm who enticed these guys to run as democrats in the first place!

By: leftdcin72

leftdcin72 — Fri, 25 Sep 2009 19:00:17 +0000

The answer is no as pointed out by Krugman. And it was the democrats under the Clintons and Rubin who paved the way for deregulation of the banks in 1999 and provided the stage for Rubin later as Chairman of Citi.

By: Cujo359

Cujo359 — Fri, 25 Sep 2009 18:20:27 +0000

There should be some price for failing to do the most basic things that financial institutions are supposed to do, like keep enough capital on hand to not go belly up. The complete lack of such action has been very discouraging.

Geithner’s right, at least in his prediction. Another failure will happen soon if we don’t fix what’s wrong.

By: robspierre

robspierre — Fri, 25 Sep 2009 17:42:15 +0000

More like Blue Bottles feeding on the corpse of the GOP.

By: masaccio

masaccio — Fri, 25 Sep 2009 17:20:35 +0000

That’s a bit harsh, Hugh. At least he understands he has to do something, unlike Congressman Price, who thinks everything is just fine.

I agree that using the Fed is a horrid mistake. The board of governors will not be able to shake off the ideological bonds of the Chicago School, and we need a whole new set of people to regulate.

I would like to see some people with a serious interest in criminal prosecution get involved. Judge Rakoff may have encouraged that.

By: Hugh

Hugh — Fri, 25 Sep 2009 17:01:15 +0000

Geithner explains that it leaves us exposed to another financial disaster, thus demonstrating that he, at least, learns from his mistakes.

I don’t think this is true. Giethner wants the Fed which missed everything to be the new super-regulator. He has learned nothing.