Two good points (short sales regulation and loan protection), 2 good references (Caddyshack and Batman), and one long rant about how you love western capitalism.
Responding:
Shorts:
The government can do whatever the people will let it do (and vice versa). Sad but true. I suspect that the people will let the government do quite a lot considering the current climate.
Loan protection:
You are dead on that protective regulations won’t be needed for newer originations. That is a point that I think is lost on most people.
References:
Well played sir. However if you cite “batdance” or any other Prince single from the last series of films, I will hunt you down. I am mean that way.
Capitalism:
We agree that it is a good way of distributing wealth. However, I do not think that it was ever created. I think it is organic and that sometimes that organic competition could benefit from help. China is a good example of getting competition going with beneficial (for the Chinese) governmental intervention. Bear in mind most forms of government are a response to wealth building and capitalism. That is as true of communism as it is of democracy. However, democracy is (in my opinion) better and more fair. It is also, why the speech you want will not happen much during this current finacial crisis.
