I have less than 0 confidence that the banks can self-regulate the risk out of the banking industry without destroying the economy. Why? Because they just failed, that's why.
So my inclination is to try the side that hasn't failed spectacularly recently. Judah On Tue, Jan 20, 2009 at 3:23 PM, Robert Munn <cfmuns...@gmail.com> wrote: > Ironically the banks are taking matters into their own hands in that > respect. Citi is breaking itself up. Now BofA is talking about breaking > itself up. > > I have zero confidence in the ability of the government to regulate risk out > of the banking industry without destroying the economy, but let's see what > the eggheads can come up with and go from there. > > On Tue, Jan 20, 2009 at 12:46 PM, Gruss wrote: > >> >> >> The real problem once we fix the banks is anti-trust; the banking >> sector and the individual banks within have been allowed to grow too >> big and to control too much. >> >> We need to revamp anti-trust to remediate all industries with that >> problem (auto, finance, et al) and put new teeth into the law to >> prevent it in the future. >> > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:285794 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
