Wall Street’s Big Win

[SD Realtor]

I agree UC, It is laughable that people actually believe one party is less controlled and lobbied by Wall St then the other. They are both so controlled it is a joke. Look at the guys that authored the legislation. They were the ones who always told us how strong the GSEs were.

[davelj]

I think we’ve made a smidge of progress. But not nearly enough. Until the idea of much higher capital ratios at the TBTF banks is broached, then not nearly enough has been done. The TBTF banks are, in substance, utilities and should be treated as such. Higher capital ratios, boring borrowing and lending activities, reasonable pay, 8%-10% ROEs. But it looks like that will have to wait until after the NEXT crisis. The problem is that we might not have a financial system after the next crisis. It’s like that old saying that World War IV will be fought with sticks and stones.

If it was feasible (and the pay was better), I would enjoy working for the FDIC at the policy level for some limited amount of time – like a 2-year professional sabbatical of sorts – and I would be hated and despised by most. But that’s a fantasy of mine that’s unlikely to happen.

[davelj]

I think we’ve made a smidge of progress. But not nearly enough. Until the idea of much higher capital ratios at the TBTF banks is broached, then not nearly enough has been done. The TBTF banks are, in substance, utilities and should be treated as such. Higher capital ratios, boring borrowing and lending activities, reasonable pay, 8%-10% ROEs. But it looks like that will have to wait until after the NEXT crisis. The problem is that we might not have a financial system after the next crisis. It’s like that old saying that World War IV will be fought with sticks and stones.

If it was feasible (and the pay was better), I would enjoy working for the FDIC at the policy level for some limited amount of time – like a 2-year professional sabbatical of sorts – and I would be hated and despised by most. But that’s a fantasy of mine that’s unlikely to happen.

[davelj]

I think we’ve made a smidge of progress. But not nearly enough. Until the idea of much higher capital ratios at the TBTF banks is broached, then not nearly enough has been done. The TBTF banks are, in substance, utilities and should be treated as such. Higher capital ratios, boring borrowing and lending activities, reasonable pay, 8%-10% ROEs. But it looks like that will have to wait until after the NEXT crisis. The problem is that we might not have a financial system after the next crisis. It’s like that old saying that World War IV will be fought with sticks and stones.

If it was feasible (and the pay was better), I would enjoy working for the FDIC at the policy level for some limited amount of time – like a 2-year professional sabbatical of sorts – and I would be hated and despised by most. But that’s a fantasy of mine that’s unlikely to happen.

[davelj]

I think we’ve made a smidge of progress. But not nearly enough. Until the idea of much higher capital ratios at the TBTF banks is broached, then not nearly enough has been done. The TBTF banks are, in substance, utilities and should be treated as such. Higher capital ratios, boring borrowing and lending activities, reasonable pay, 8%-10% ROEs. But it looks like that will have to wait until after the NEXT crisis. The problem is that we might not have a financial system after the next crisis. It’s like that old saying that World War IV will be fought with sticks and stones.

If it was feasible (and the pay was better), I would enjoy working for the FDIC at the policy level for some limited amount of time – like a 2-year professional sabbatical of sorts – and I would be hated and despised by most. But that’s a fantasy of mine that’s unlikely to happen.

[davelj]

I think we’ve made a smidge of progress. But not nearly enough. Until the idea of much higher capital ratios at the TBTF banks is broached, then not nearly enough has been done. The TBTF banks are, in substance, utilities and should be treated as such. Higher capital ratios, boring borrowing and lending activities, reasonable pay, 8%-10% ROEs. But it looks like that will have to wait until after the NEXT crisis. The problem is that we might not have a financial system after the next crisis. It’s like that old saying that World War IV will be fought with sticks and stones.

If it was feasible (and the pay was better), I would enjoy working for the FDIC at the policy level for some limited amount of time – like a 2-year professional sabbatical of sorts – and I would be hated and despised by most. But that’s a fantasy of mine that’s unlikely to happen.

[CA renter]

[quote=UCGal]I’ll take it one further than this. The Dems pretended to negotiate to save face when they caved to their own bankster interests. Both parties are bought and paid for by Wall Street. It was never going to have teeth.[/quote]

Exactly right, UCGal.

[CA renter]

[quote=UCGal]I’ll take it one further than this. The Dems pretended to negotiate to save face when they caved to their own bankster interests. Both parties are bought and paid for by Wall Street. It was never going to have teeth.[/quote]

Exactly right, UCGal.

[CA renter]

[quote=UCGal]I’ll take it one further than this. The Dems pretended to negotiate to save face when they caved to their own bankster interests. Both parties are bought and paid for by Wall Street. It was never going to have teeth.[/quote]

Exactly right, UCGal.

[CA renter]

[quote=UCGal]I’ll take it one further than this. The Dems pretended to negotiate to save face when they caved to their own bankster interests. Both parties are bought and paid for by Wall Street. It was never going to have teeth.[/quote]

Exactly right, UCGal.

[CA renter]

[quote=UCGal]I’ll take it one further than this. The Dems pretended to negotiate to save face when they caved to their own bankster interests. Both parties are bought and paid for by Wall Street. It was never going to have teeth.[/quote]

Exactly right, UCGal.

[scaredyclassic]

the green party wasn’t involved, was it?

[scaredyclassic]

the green party wasn’t involved, was it?

[scaredyclassic]

the green party wasn’t involved, was it?

[scaredyclassic]

the green party wasn’t involved, was it?

[Author]

Posts