Things have changed: A conservative GOP Senator approvingly discusses the new regulations coming from a Democratic President.
The Obama administration is expected to release tomorrow an overhaul for tightening regulation across the financial system. Sen. Charles Grassley, R-Iowa, discusses this upcoming release with CNBC.
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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June 16th, 2009 at 10:10 am
http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=grassley+amendment+HR+1207
Sen. Grassley is the same Dude that is watering down H.R. 1207..
Of Course, it shouldn’t be a surprise to see him waving “Team 44″ pom-poms..
June 16th, 2009 at 10:53 am
Looks more like Shelby with the watering can.
June 17th, 2009 at 6:20 am
Sure roped a lot of dopes with hope…
http://www.businessinsider.com/regulatory-reforms-will-have-to-wait-until-next-year-2009-6