…that the Republican front runners should shamelessly steal from the also rans.
I agree that we have to do more than just repeal SOX and Dodd-Frank — we need real banking and finance reform. I’m not sure just what it would look like, but it wouldn’t look like either of those bills.
Williamson’s article though somewhat repetitive is worth reading…and implementing. The Republicans are their own worst enemy, usually offering us Democrat Lite with big government, only less big. Standard issue Republican crony capitalism has been adopted by Obama (GE, GW…). Time for really different policies. Cain’s calls for stability in tax rates and ruls is key to stimulating all that business cash to be put to work.
One element of banking and finance reform that I would pursue is if it is too big to fail, it should be subjected anti-trust legislation and broken up. I would also get rid of the CRA, which was the impetus of the whole sub-prime debacle in the first place.
Abelard,
I agree on the too big to fail banks being broken up.
And add that the firewall between commercial banks and investment firms that functioned so well since the Depression until its repeal be reinstated. No one cares if an investment firm goes under, risk is part of investment. They problem was that since they were also commercial banks they put the entire economy as risk.
Thomas, I think we agree. Yeah, blows my mind too.
Whoa. Me too.
I’m going to sit over here in a corner, freaking out.
How is Paul an also-ran? He came in second–within less than 200 votes–to Bachmann in the Iowa straw poll.
I’m not saying he’s likely to win the nomination, but the media is so full of crap on this pre-anointing crap. Even, maybe especially, the right-wing media.