Comments on: Obama’s Financial Regulatory Restructuring is an “Industrial Policy” http://www.ritholtz.com/blog/2009/06/obama%e2%80%99s-financial-regulatory-restructuring-is-an-%e2%80%9cindustrial-policy%e2%80%9d/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 22:30:38 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Palin Was The Best Thing That Ever Happened to The Left at Libertarian Romantic Ideal http://www.ritholtz.com/blog/2009/06/obama%e2%80%99s-financial-regulatory-restructuring-is-an-%e2%80%9cindustrial-policy%e2%80%9d/comment-page-1/#comment-196727 Palin Was The Best Thing That Ever Happened to The Left at Libertarian Romantic Ideal Fri, 24 Jul 2009 01:59:04 +0000 http://www.ritholtz.com/blog/?p=29351#comment-196727 [...] Obama’s Financial Regulatory Restructuring is an “Industrial Policy: This Obama proposal (a comprehensive revised Federal Reserve Ac) is on a fast track. There will be [...] [...] Obama’s Financial Regulatory Restructuring is an “Industrial Policy: This Obama proposal (a comprehensive revised Federal Reserve Ac) is on a fast track. There will be [...]

]]> By: Palin Was The Best Thing That Ever Happened to The Left « Libertarian Romantic Ideal http://www.ritholtz.com/blog/2009/06/obama%e2%80%99s-financial-regulatory-restructuring-is-an-%e2%80%9cindustrial-policy%e2%80%9d/comment-page-1/#comment-193541 Palin Was The Best Thing That Ever Happened to The Left « Libertarian Romantic Ideal Wed, 15 Jul 2009 05:35:09 +0000 http://www.ritholtz.com/blog/?p=29351#comment-193541 [...] Obama’s Financial Regulatory Restructuring is an “Industrial Policy: This Obama proposal (a comprehensive revised Federal Reserve Ac) is on a fast track. There will be [...] [...] Obama’s Financial Regulatory Restructuring is an “Industrial Policy: This Obama proposal (a comprehensive revised Federal Reserve Ac) is on a fast track. There will be [...]

]]> By: alfred e http://www.ritholtz.com/blog/2009/06/obama%e2%80%99s-financial-regulatory-restructuring-is-an-%e2%80%9cindustrial-policy%e2%80%9d/comment-page-1/#comment-184561 alfred e Thu, 18 Jun 2009 18:25:24 +0000 http://www.ritholtz.com/blog/?p=29351#comment-184561 The wheels are coming off. In front of the MSM. God help us all. The wheels are coming off. In front of the MSM. God help us all.

]]> By: Moss http://www.ritholtz.com/blog/2009/06/obama%e2%80%99s-financial-regulatory-restructuring-is-an-%e2%80%9cindustrial-policy%e2%80%9d/comment-page-1/#comment-184496 Moss Thu, 18 Jun 2009 15:52:17 +0000 http://www.ritholtz.com/blog/?p=29351#comment-184496 Free market capitalism was never alive. Free market manipulation of capitalism perhaps. Free market capitalism was never alive.

Free market manipulation of capitalism perhaps.

]]> By: Halp http://www.ritholtz.com/blog/2009/06/obama%e2%80%99s-financial-regulatory-restructuring-is-an-%e2%80%9cindustrial-policy%e2%80%9d/comment-page-1/#comment-184424 Halp Thu, 18 Jun 2009 14:22:16 +0000 http://www.ritholtz.com/blog/?p=29351#comment-184424 What I want to see is some serious grilling of the Geithner and his boss by Congress. How can anyone think that granting such broad unchecked powers to the FED is going to benefit the country in the long term? It’s anti-American if you ask me. I'm sick of these "smoke-filled" back room dealings pushing government agendas upon companies. Plus you have the Health Care issue the administration is pushing so much so that they’ve enlisted the ABC NEWS arm to be their propaganda machine. It’s like they’re trying to choke us with huge sweeping political agendas that aim to eliminate the freedom in business. Add to the mix what Russia and China are attempting to do by leading other countries away from the dollar and I think we are in for a financial storm in this country. I keep watching the price of gold and silver and I am not surprised to see them both remaining steady in comparison to the dollar which is like the walking dead at this point. What I want to see is some serious grilling of the Geithner and his boss by Congress. How can anyone think that granting such broad unchecked powers to the FED is going to benefit the country in the long term? It’s anti-American if you ask me. I’m sick of these “smoke-filled” back room dealings pushing government agendas upon companies.

Plus you have the Health Care issue the administration is pushing so much so that they’ve enlisted the ABC NEWS arm to be their propaganda machine. It’s like they’re trying to choke us with huge sweeping political agendas that aim to eliminate the freedom in business.

Add to the mix what Russia and China are attempting to do by leading other countries away from the dollar and I think we are in for a financial storm in this country. I keep watching the price of gold and silver and I am not surprised to see them both remaining steady in comparison to the dollar which is like the walking dead at this point.

]]> By: bruerr http://www.ritholtz.com/blog/2009/06/obama%e2%80%99s-financial-regulatory-restructuring-is-an-%e2%80%9cindustrial-policy%e2%80%9d/comment-page-1/#comment-184362 bruerr Thu, 18 Jun 2009 12:04:10 +0000 http://www.ritholtz.com/blog/?p=29351#comment-184362 David Kotok, I have some narrow questions: Does eliminating the Office of Thrift Supervision (OTS), negate 12 USC 1831 o Prompt Corrective Action (http://www.law.cornell.edu/uscode/uscode12/usc_sec_12_00001831---o000-.html)? By extension, is the Office of Thrift Supervision (OTS) and law referenced above, unrelated? Do you believe from review of the "new" plan, that the administration, treasury or federal reserve entity, are trying to sidestep important laws, contained in 12 USC 1831 o David Kotok, I have some narrow questions: Does eliminating the Office of Thrift Supervision (OTS), negate 12 USC 1831 o Prompt Corrective Action (http://www.law.cornell.edu/uscode/uscode12/usc_sec_12_00001831—o000-.html)? By extension, is the Office of Thrift Supervision (OTS) and law referenced above, unrelated?

Do you believe from review of the “new” plan, that the administration, treasury or federal reserve entity, are trying to sidestep important laws, contained in 12 USC 1831 o

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/06/obama%e2%80%99s-financial-regulatory-restructuring-is-an-%e2%80%9cindustrial-policy%e2%80%9d/comment-page-1/#comment-184344 Mark E Hoffer Thu, 18 Jun 2009 10:51:45 +0000 http://www.ritholtz.com/blog/?p=29351#comment-184344 "History is replete with examples of central bank policy failures while under political control."--above. That is an Olympic caliber display of Mental Gymnastics. Maybe, to safely dismount, you could tighten that some: "History is replete with examples of Central Bank failures. They, being the Ultimate expression of Political Control of the Economy, have no other Option." “History is replete with examples of central bank policy failures while under political control.”–above.

That is an Olympic caliber display of Mental Gymnastics.

Maybe, to safely dismount, you could tighten that some: “History is replete with examples of Central Bank failures. They, being the Ultimate expression of Political Control of the Economy, have no other Option.”

]]> By: Barry Ritholtz http://www.ritholtz.com/blog/2009/06/obama%e2%80%99s-financial-regulatory-restructuring-is-an-%e2%80%9cindustrial-policy%e2%80%9d/comment-page-1/#comment-184342 Barry Ritholtz Thu, 18 Jun 2009 10:14:01 +0000 http://www.ritholtz.com/blog/?p=29351#comment-184342 The one caveat I would add is that for years, we did not have an industrial policy, with a very close working relationship between these firms and the deregulators. The net result was that the companies blew themselves up. Guess what happens when you are given a wide degree of latitude in personal or corporate behaviors, and you abuse that trust? It gets taken away. These companies have proven that they are incapable of self-governance and/or self regulation. Taxpayers have the right to say NEVER AGAIN WILL YOU COST US TRILLIONS OF DOLLARS IN BAILOUTS. The one caveat I would add is that for years, we did not have an industrial policy, with a very close working relationship between these firms and the deregulators.

The net result was that the companies blew themselves up.

Guess what happens when you are given a wide degree of latitude in personal or corporate behaviors, and you abuse that trust? It gets taken away.

These companies have proven that they are incapable of self-governance and/or self regulation.

Taxpayers have the right to say NEVER AGAIN WILL YOU COST US TRILLIONS OF DOLLARS IN BAILOUTS.

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