On Wed, Feb 3, 2010 at 2:19 PM, Cameron Childress <camer...@gmail.com>wrote:
> > Interesting. So..... getting the government involved in a private > business distorts it and damages it? You don't say?!?! > > This is effectively ***reducing*** government involvement in the > mortgage industry to fix it. Now, what other parts of our lives can > we fix by getting the government out? > > > http://www.vancouversun.com/business/fp/Volcker+lauds+Canadian+banks/2514580/story.html > > -Cameron > > Where is the reduction of government involvement read in that article? This seems like more government regulations to me... :-) U.S. lawmakers didnt seem impressed Tuesday by the case Mr. Volcker tried to make that big U.S. commercial banks should be barred from high-risk trading in a bid to curb the problem of financial firms that are too big to fail without putting the entire financial system at risk. The Volcker Rule would ban large commercial banks from proprietary trading, in which they use their private-equity arms or hedge funds to rack up their own profi ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:311589 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
