Comments on: Regulatory Reform: Consumer Protection http://www.everyjoe.com/articles/regulatory-reform-consumer-protection/ Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Fri, 11 Dec 2009 16:25:48 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Do We Really Need Financial “Innovation”? : Yielding Wealth - Personal Finance Tips – Money Management Advice http://www.everyjoe.com/articles/regulatory-reform-consumer-protection/comment-page-1/#comment-317399 Do We Really Need Financial “Innovation”? : Yielding Wealth - Personal Finance Tips – Money Management Advice Mon, 05 Oct 2009 18:04:29 +0000 http://www.bizzia.com/yieldingwealth/?p=1245#comment-317399 [...] of the reasons that bankers and investors and others in similar fields are lobbying against regulatory reform is that it would stifle “innovation.” Apparently, transparency in reporting practices [...] [...] of the reasons that bankers and investors and others in similar fields are lobbying against regulatory reform is that it would stifle “innovation.” Apparently, transparency in reporting practices [...]

]]> By: Lehman Anniversary: Obama to Push Reform : Bizzia - Business News and Commentary – Finance and Business Tips http://www.everyjoe.com/articles/regulatory-reform-consumer-protection/comment-page-1/#comment-317080 Lehman Anniversary: Obama to Push Reform : Bizzia - Business News and Commentary – Finance and Business Tips Mon, 14 Sep 2009 16:14:25 +0000 http://www.bizzia.com/yieldingwealth/?p=1245#comment-317080 [...] Leave a Comment // As the anniversary of the collapse of Lehman Brothers arrives, President Barack Obama prepares to address the nation on regulatory reform. His speech should be coming on momentarily, and he is expected to push for simpler regulations that actually do what they are supposed to do. He is also expected to try and drum up support for his idea of having a consumer protection agency. [...] [...] Leave a Comment // As the anniversary of the collapse of Lehman Brothers arrives, President Barack Obama prepares to address the nation on regulatory reform. His speech should be coming on momentarily, and he is expected to push for simpler regulations that actually do what they are supposed to do. He is also expected to try and drum up support for his idea of having a consumer protection agency. [...]

]]> By: Jim http://www.everyjoe.com/articles/regulatory-reform-consumer-protection/comment-page-1/#comment-316111 Jim Thu, 18 Jun 2009 03:39:07 +0000 http://www.bizzia.com/yieldingwealth/?p=1245#comment-316111 As one financial pundit sums up this proposal..... FOSC = NBS + FDIC + NCUA + SEC + CFTC + FHFA + FOMC + CFPA + Treasury + the Fed. What an alphabet soup of failure.... so let's add a few more letter to sweeten the pot. No, this isn't consumer protection; this is the illusion of protection tangled up in yet more dopey bureaucracies. How many regulatory agencies do we need? When the ones we have fail at their basic mission, the answer is to create more? And we should trust the very politicians and regulators who helped jerry-rigged the mortgage market to enable/encourage liar's loans, nothing down mortgages and negative amortization mortgages, etc.? They can fool some of the people some of the time, but not all of the people all the time. As one financial pundit sums up this proposal….. FOSC = NBS + FDIC + NCUA + SEC + CFTC + FHFA + FOMC + CFPA + Treasury + the Fed. What an alphabet soup of failure…. so let’s add a few more letter to sweeten the pot.

No, this isn’t consumer protection; this is the illusion of protection tangled up in yet more dopey bureaucracies. How many regulatory agencies do we need? When the ones we have fail at their basic mission, the answer is to create more? And we should trust the very politicians and regulators who helped jerry-rigged the mortgage market to enable/encourage liar’s loans, nothing down mortgages and negative amortization mortgages, etc.?

They can fool some of the people some of the time, but not all of the people all the time.

]]> By: Are Changes Coming to Mortgage Regulations? : Bizzia - Business News and Commentary - Finance and Business Tips http://www.everyjoe.com/articles/regulatory-reform-consumer-protection/comment-page-1/#comment-316302 Are Changes Coming to Mortgage Regulations? : Bizzia - Business News and Commentary - Finance and Business Tips Wed, 17 Jun 2009 17:17:41 +0000 http://www.bizzia.com/yieldingwealth/?p=1245#comment-316302 [...] scope of some of the Federal Reserve’s powers to regulate large firms, Obama suggests that a consumer protection agency be created. One of the issues that such a consumer protection agency will oversee is that of home [...] [...] scope of some of the Federal Reserve’s powers to regulate large firms, Obama suggests that a consumer protection agency be created. One of the issues that such a consumer protection agency will oversee is that of home [...]

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