The Feds are the Gang that Can't Shoot Straight
Reader comment on: Spitzer on Dimon
Submitted by SoCal (United States), May 15, 2012 02:00
Why do the Feds think that they know how to regulate derivatives in the financial markets? This is the same gang that can't shoot straight that brought us hyper monetary easing leading to over investment in real estate, regulation of commercial banks including forcing that mortgage loans be made to high risk borrowers, and the brilliant mark to market accounting rules that almost led to a depression when the financial markets melted down due to the first two issues... Give me a frickin break!
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