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Now THIS is refreshing!
Message
From
10/12/2016 12:13:57
Thomas Ganss (Online)
Main Trend
Frankfurt, Germany
 
 
To
10/12/2016 09:14:57
General information
Forum:
Politics
Category:
Articles
Miscellaneous
Thread ID:
01644600
Message ID:
01644799
Views:
34
>Dodd-Frank and the massive increase in regulations has stifled business, costing millions of jobs.
>So maybe it's not the best solutions (see above), but it's what could get passed. New regulations were needed.

>
>ROFL and LOL!!!! Let me see if I have this right. The current regulations are not doing a great job so me need MORE regulations to fix the problem? Surely even you can see how ludicrous that statement is. We are already the regulation nation. What we need is LESS not MORE regulation.

In toilet matters certainly. But as long as "to big to fail" is alive as a concept for banks and insurance, I view Dodd-Frank type regulation as the lesser evil.
And around Lehmann, Cyprus and a few Greek times there was not much argument pro hard nosed capitalist evolutionary selection - trying to eliminate such regulation without the clear understanding that no bailouts will happen again would only result in early repeat performances.

Not saying Dodd-Frank will eliminate such repeat performances, but probably postpone them ;-)
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