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View Full Version : Geithner wants POWA



LegalSmash
24 Mar 2009, 09:08am
http://news.yahoo.com/s/ap/20090324/ap_on_bi_ge/bailout_bernanke_geithner
Geithner is hoping, wishing, and prayin' for more power over the regulation of financial giants.

While I have no problem with the fed setting standards, guidelines, and goals for companies that are on the public dollar like these retards, I wonder how far these powers would go, either purposefully or accidentally... thoughts?

PotshotPolka
24 Mar 2009, 10:41am
Beyond the blow-hard fight the government crock, it only makes sense that if government pumps out more programs, it needs more laws to enable them.
Still begs the question of why the bailout was thought to be necessary if you look back to your macro-eco class and look at the undeniable fact that SRAS will always fluctuate, and will always work its way back to the LRAS.