Comments on: Let the Fed regulate http://blogs.reuters.com/commentaries/2009/11/20/let-the-fed-regulate/ Now raising intellectual capital Sun, 08 Nov 2015 08:31:30 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Matthew G. Saroff http://blogs.reuters.com/commentaries/2009/11/20/let-the-fed-regulate/comment-page-1/#comment-6907 Sat, 21 Nov 2009 18:27:30 +0000 http://blogs.reuters.com/commentaries/?p=5358#comment-6907 The question is how much do you want a regulatory body to be influenced by politics, and how much you want it to be captured by the banks.

Until proposals to reduce its purview and to audit it, the Fed, because it was insulated from politics, was awful, both under Greenspan and Bernanke, and it sees its goal as protecting the banks, which is, after all much of its reason for existence.

The political pressure that it has gotten has led to it adopting new rules on mortgages, credit cards, debit cards, and gift cards (Gift cards!?!?!? WTF), but this has happened ONLY because of this pressure.

Regulatory authority needs to go somewhere else.

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By: jason http://blogs.reuters.com/commentaries/2009/11/20/let-the-fed-regulate/comment-page-1/#comment-6906 Sat, 21 Nov 2009 18:25:33 +0000 http://blogs.reuters.com/commentaries/?p=5358#comment-6906 Well John, I don’t feel “our children” and “independence” are merely buzzwords. And while this is not the end of the world(which i didn’t claim in the first place) it may be the end of America as I was brought up believing it to be. It doesn’t take an “economist” to recognize that we are headed for trouble. All one has to do is pull their head out of the sand or any other dark place they may have put it in.

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By: Unsympathetic http://blogs.reuters.com/commentaries/2009/11/20/let-the-fed-regulate/comment-page-1/#comment-6902 Sat, 21 Nov 2009 13:45:10 +0000 http://blogs.reuters.com/commentaries/?p=5358#comment-6902 This article is focused incorrectly.

The FED is not the appropriate regulator because both Greenspan and Bernanke have proven that they will not actually enforce any regulations.

It doesn’t matter who or what is the “appropriate” agency if that agency will not actually perform their role.

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By: john bowler http://blogs.reuters.com/commentaries/2009/11/20/let-the-fed-regulate/comment-page-1/#comment-6878 Sat, 21 Nov 2009 01:44:34 +0000 http://blogs.reuters.com/commentaries/?p=5358#comment-6878 Buddy, you are right about Dodd’s intentions but the rest of your post seems like a speed-rant. Rather than a serious discussion of the issue you spin out on a right wing torrent of buzzwords like ‘our children, ‘our ‘independence’,and GDP. Are you an economist? Take some courses at your local junior college. Your republican end of the world insecurity is getting old and bored.

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By: jason http://blogs.reuters.com/commentaries/2009/11/20/let-the-fed-regulate/comment-page-1/#comment-6863 Fri, 20 Nov 2009 17:55:37 +0000 http://blogs.reuters.com/commentaries/?p=5358#comment-6863 Dodds’ legislation is 100% about making him look good in the elections but probably will not see the light of day. The fed is largely to blame for our woe’s and is swiftly devaluing our dollar along with government policy. Together they are on a crash course to the bottom. I believe this is the beginning of the end of American independence. Our payouts are hundreds times more than our GDP and that increases every day. And the GDP numbers are distorted and do not represent the true output from within America’s borders. The government spends spends spends inflated money recklessly leading me to believe they seriously lack common sense unless they are trying to tank us. All the warning signs are here. We are headed for major trouble unless we reel them in. We may not see the rewards of personal responsibility but our children might if we fly right.

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