tropicgirl, September 24 at 4:49 pm

More than a bit out of line, way more….

After all, it took a while for Barney to service all the corporate appendages lined
up. Takes longer these days. The line is much longer and he is getting older.

What a sick piece of work.

“If all economists were laid end to end, they would not reach a conclusion.” GBShaw

I wonder if the best way to legislate is to compromise on everything? I do understand that this is the way our govt was set up but the fact is that the two sides are far too polarized to make such compromise practical any longer. The very attempt to please everyone means that noone is pleased and nothing is accomplished.

When I read this:

He also said he would limit the types of companies that could face scrutiny by a proposed Consumer Financial Protection Agency by excluding real-estate brokers, accountants, retailers and others that aren’t banks or financial-services companies. Rep. Frank said he felt that in some areas the White House had “overdrafted” the bill.

I recall the firm of Arthur Anderson, accountants to and complicit with Enron. What it boils down to, in my opinion, is that our govt will not really control the financial community while dependent upon their contributions.

Seems like politicization of US monetary has already taken place and
since publicly Bernacke “vehemently” opposes auditing, “watching” it in
other words, by Congress, who is much closer to the people and its
welfare, and seems past the point of no return.  It is politicized and as
the Manhattan US District Court Judge, Loretta Preska, wrote, who ruled
on an order that the Fed disclose which firms received bailout dollars,
that claim that the monetary system is imperiled by closer observation
was rooted only on “conjecture” and the court continues to be, she
said, “unconvinced because the Fed had failed to provide adequate
evidence to substantiate its claims.  Looking weak to competitors an
shareholders is an inherent risk of market participation.  Information
that tends to increase that risk does not make the information
privileged or confidential.”  Seems like the public who will foot the bill
for decades, no generations, to come ought to know where its dollars
are going.  Corruption is too close to the hearts of moneymen.