[quote=Allan from Fallbrook][quote=briansd1][quote=Allan from Fallbrook]This latest Dodd legislation is also thin soup and we’re being told that it will fundamentally “change” these behaviors. What hooey.[/quote]
Would you rather have thin soup or go hungry?[/quote]
Brian: So, would I rather have a half-assed set of rules, or no rules at all? Don’t I get a third choice? Don’t we deserve a third (better) choice?
Not to be a smart-ass, but it has dawned on the Democrats that they control both houses of Congress and the presidency, right? They’re supposed to be the “party of the people” and protect us from the predations of these greedy Wall Streeters, right? Why do I have to choose thin soup or no soup, when what I want is a robust, hearty Beef and Barley soup? Why can’t Obama go all “Chunky” on their asses?[/quote]
Allan – you seem to have a good feel for all of this given your former worklife… What do you think of Blanche Lincoln’s proposal to put all CDOs and CDSs and other derivitives on public exchanges – so the parties would be in the open. It doesn’t prevent bad acts – but it makes the bad acts public.
I’m not a fan of Sen. Lincoln, but I like what I’ve heard of this proposal. And since she’s chair of the Senate Agricultural committee, she has say on this portion of the bill.
