Obama’s Sensibly Modest Fin Reg Reform

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3 Responses

  1. Do you really think all this additional power conglomerated at the federal level is going to help the small-time investor and everyday consumer? If, for instance, I bought a bond with the assurance that I had secured rights within but then some better connected group was put ahead of me when I tried to collect on that assurance – can I count on this administration to look out for my interest…even if it’s not in their political best interest?

    I do so want to believe in this man.

  2. Lawrence Cunningham says:

    Uncertain, though my own characterization of the proposed reform is that very little aditional power is reposed in the federal government, so I’d quibble with the phrase “all this additional power conglomerated at the federal level.” The Fed gets a little more power overall, but through a combination of expansion in some areas and contraction in others. I concur with the implicit notion that the federal consumer agency will not likely be very effective.

  3. Philippe Otter says:

    Well at least he\’s doing something. At this point, I just want to see any action that might bring turn this economy around. Divorces are on the rise, too, because of it: http://lawblog.legalmatch.com/2009/06/17/california-divorce-recession-alimony/