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Author Topic: OMG -- Wall Street Journal editor returns from China... [Locked]
Abaddon_Ambrosius  4 stars
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
...after meetings with their finance ministers and regulators.

Near-universal responses to him about the new 800+ page Frank-Dodd finance regulations?

"Those are incredibly heavy-handed and overly burdensome".


CHINA.

A CENTRALLY PLANNED ECONOMY.

 

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In the immortal words of Socrates - "I drank what?"
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Moe_Nox  4 stars
Title: In Moe We Trust
Posts: 1,962
Registered: 2007-2-4 12:17:56

 

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The Nanny State cometh
Currency should be bacon cheeseburgers and blow jobs... - Reese
Life at the Outpost: http://www.collegehumor.com/video:1771556
Rosaria  2 stars
Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
Abaddon_Ambrosius posted:

...after meetings with their finance ministers and regulators.


Near-universal responses to him about the new 800+ page Frank-Dodd finance regulations?


"Those are incredibly heavy-handed and overly burdensome".


CHINA.


A CENTRALLY PLANNED ECONOMY.

At this point probably more people in China have read Dodd-Frank than our congress. Dodd says he still hasn't read it.

 

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"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
smellymotor  3 stars
Posts: 519
Registered: 2004-9-12 04:15:23
There is good regulation, there is bad regulation and then there is American legislation. These days you guys just seem to be bad at everything

 

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smellymotor
Young and Free
PackHunter
Posts: 47
Registered: 2001-12-20 06:39:10
Keep taking advice from the Chinese.

It has worked so well so far.

 

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"Adapt or Die"
http://www.werenotafraid.com/
http://www.iamnotafraid.ca/
"A friend doesn't mean you're kneeling in front of him" - G. Duceppe
Moe_Nox  4 stars
Title: In Moe We Trust
Posts: 1,962
Registered: 2007-2-4 12:17:56
What % of Canada is Asian now? You guys are gonna go from Canuckistan to The People's Republic of Chunucks

 

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The Nanny State cometh
Currency should be bacon cheeseburgers and blow jobs... - Reese
Life at the Outpost: http://www.collegehumor.com/video:1771556
AzureTyger  2 stars
Title: Awesome
Posts: 462
Registered: 2002-4-1 15:49:04
Dodd-Frank is a terrific bill and the first significant regulatory reform of the banking sector that has actually made gains for the people instead of the banks since the 1940s.

 

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Using the mirror of ridicule to force conservatives to
confront their own stupidity.
PackHunter
Posts: 47
Registered: 2001-12-20 06:39:10
Moe_Nox posted:

What % of Canada is Asian now? You guys are gonna go from Canuckistan to The People's Republic of Chunucks



Nah, we got it covered. Our Conservative overlords flirt with chinese intelligence officers, and we let them hack major corporations until they're out of business.

But hey, the Chinese do complain about our financial regulations...which are seen by many nations in economic trouble as "Stuff we should have had to prevent this crap".

Including the US.

EDIT: I ALMOST FORGOT! WE GOT PANDAS!

 

-----signature-----
"Adapt or Die"
http://www.werenotafraid.com/
http://www.iamnotafraid.ca/
"A friend doesn't mean you're kneeling in front of him" - G. Duceppe
Abaddon_Ambrosius  4 stars
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
AzureTyger posted:

Dodd-Frank is a terrific bill and the first significant regulatory reform of the banking sector that has actually made gains for the people instead of the banks since the 1940s.



We needed Glass-Steagall rules and a few rules about classes of leverage and clear tracking of ownership.

You know... things we used to have, but then "got progressive about" and repealed.

We didn't need 800+ pages of panicked, backlash nanny-state micromanagement.

It's amazing how "progressives" view anything which changes as good, right up until it proves to be a realllllly stupid idea.

The axes are so screwed up, now.

 

-----signature-----
In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
Ashmaele  4 stars
Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
Serious question for those bitching about Dodd-Frank: What would you have had the gubmint do, considering the massive financial sector meltdown we saw in 2008? Nothing at all?

 

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I had a dream. It was an incredible dream. When I awoke, I had a huge mess to clean up.

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