Bank regulation scheme not a good idea.

[AztecWilliam]

Bank regulation. That's a is pretty "wonkish" topic, I guess, but who controls the money controls the country. Therefore, this is an important question that merits careful study.

Some proposals may go too far and actually harm our system. I'm not well informed in this area, but I smell another attempt to centralize everything at the federal level coming down the pike!

www.nytimes.com/2009/09/01/opinion/01bair.html?ref=opinion

AzWm

[Bob Forsythe]

Sept 1, 2009 9:43:56 GMT -8 AztecWilliam said:

Bank regulation. That's a is pretty "wonkish" topic, I guess, but who controls the money controls the country. Therefore, this is an important question that merits careful study.

Some proposals may go too far and actually harm our system. I'm not well informed in this area, but I smell another attempt to centralize everything at the federal level coming down the pike!

AzWm

Given that you state you're not well informed on the issues, how is it you can "smell" anything? And how do you respond to the fact that while the New Deal bank regulations were in force, we never had a serious banking crisis?

=Bob