At some point, the war of words and early drafts of legislation are going to give way to politicians making real choices about the degree of new financial regulation in this country. The financial industry is increasingly fighting two uphill battles: defending itself from what happened and, increasingly, defending itself from defending itself. The newest outrage is centered on banks trying to make sure the regulatory pendulum doesn’t swing so far the other way that we don’t create a nation of banks in a catatonic state. The reports of multi-million dollar lobbying expenditures by the usual suspects have the regulatory crusaders back out on the front line and proving why some degree of legislative restraint is in order.
“They still retain an enormous amount of influence,” said Travis Plunkett, who lobbies for the Consumer Federation of America and said he has seen firsthand the influence of large banks. “What is surprising to me is that some members of Congress are letting them get away with flimsy arguments. They are using many of the same arguments that they were using before the financial crisis” – such as saying that new legislation would inhibit competition and consumer choice.
There are, undoubtedly, some activities that need to be curbed. But five years from now there are probably few out there who will want to recount the ways the economic recovery did not take place the way it could have while watching Populism: A Disaster Movie.
Bailed-out banks lobby hard to stave off limits [Boston Globe]
I wish Greg was jewish.
*chirp*
*chirp*
Greg Michaels: A Writer Nobody Wants to Read
Greg, why don’t you take the rest of the day off?
-Dealbreaker Sponsors
Drier that yo mamma’s bajingo, Greg.
The newest outrage is centered on banks trying to make sure the regulatory pendulum doesn’t swing so far the other way that we don’t create a nation of banks in a catatonic state.
Atone for this sentence!
- Jewish English Professor
Greg, don’t massage my feet and tell me it’s Platonic.
-Grandma Michaels
@7 – everyone knows a foot massage don’t mean nothin’.
an article nobody wants to read
http://www.zazzle.com/cr/design/pt-shirt?dz=2e5477a1-792b-4536-bb34-67a51741c74d&clone=true&pending=true&context=rothelle&view=front
-Really bored on a Monday afternoon guy
@8 I’m the foot fucking master! That shit means something and you know it.
@8- Would you give a guy a foot massage?
Greg, don’t pee on your bed and tell me it’s meant to be endearing.
-Grandma Michaels
@Naked
You ARE really bored. Unfortunately, DB isn’t going to provide much help today.
@12 fuck you
@11 -
Now look, maybe your method of massage differs from mine, but, you know, touchin’ his wife’s feet, and stickin’ your tongue in her Holiest of Holies, ain’t the same fuckin’ ballpark, it ain’t the same league, it ain’t even the same fuckin’ sport.
@10/NS
You can do better. Needs more raunch.
@ NakedShort — why are you using Greg Newton’s moniker — bad form — change it.
@ NakedShort — why are you using Greg Newton’s moniker — bad form — change it.
Greg,
I hope Bess is atoning for your inability to post decent topics.
@18,19:
a.) No idea who Greg Newton is
b.) Blow me
@18/19 he doesn’t use it anymore. what’s the big deal?
18,19 = Greg Newton
but regulation was so effective in the past. surely over-regulation will fix all our problems this time…
A Sequel to “Disaster Movie”. Sweet.
Oscar. Put it down. Kim K for Best Actress.
#8 What about your technique? Do you be tickling or nothing?
“Populism: A Disaster Movie”
I liked it better when it was called Dr. Zhivago
@26 -
Shit yeah. I got my technique down and everything, I don’t be ticklin’ or nothin’.
–8