Go Get Em, Liz!

Daily Kos: Warren: Foreclosure crisis demonstrates consumer agency is "frightfully necessary"

Is it Allowed or Not?

TSA's own guidelines allow photographs to be taken

How do they get away with preventing it if it IS allowed? Yeah, yeah, rhetorical question :)

Bring Back Glass-Steagall

Too big to punish? Yeesh!

Swwep the Street

Steve Kyle at AmericaBlog has a long post on the benefits (financial, economic, and psychic) of reigning in the obscene profits (for basically doing nothing) of Goldman and their ilk. Being an investor, and primarily in the instruments in question (deriviatives), I'm leery of over-regulation (or random regulation)

But since the 'repeal' of Glass-Stegall in 99, the proitability of the majors has skyrocketed, primarily on the creation of ether, and the stability of the market has plummeted. Market efficiency has been shown to be an elusive dream in the face of obscene short term profits. Who cares if the market crashes next week, if I can get my 1.5 billion today- it'll still be worth a half billion afterwards BOOHOO

So this is one case where I'm all in favor of regulation, even if it may hurt me in the short run. This has to be reined in, or the idiots on the Street will destroy the system.

I think he sums it up well when he says "I, for one, would be very happy with less efficiency but more stability." Amen.

We're So Over Overdraft Fees

This is good... the banks, particularly the meganationals are out of control (on so many levels, but that's 15 or 20 other posts....)

Not Sure Where This Is Going

Iyee! I want regulation of the finserv business (with teeth!) but let's keep Congress as far from the levers as possible. If they want to set limits or triggers in the establishing legislation fine, but not on a day to day basis. Yeesh. Michele Bachman or Mike Pence with a foot on the accelerator (or brake) scares the piss out of me.

Too Big To Fail

Why cant we do this?!?!? BRING BACK GLASS-STEAGALL!!!!

Carthago Aint Delenda Yet.....

Kevin's title says it all......

Amen Corner

I'm not the biggest Cramer fan in the worled, but his comments, recorded in Stan Yee's post here, echo my thinking. Two of the best things Obama can do to right the sinking ship of Wall Street are get rid of Chris Cox, head of the SEC, and bring back the up-tick rule.

Bottom line: "You want order restored, the markets to work again, an end to the endless sowing of fear? Then bring back the rules we put in place to avoid another Great Crash. The uptick rule wasn't broken, but the SEC 'fixed' it and put the 'fix' in for the shorts. It's time to give the longs back a level playing field, stop the rigging of the market by the shorts, and bring capitalism, not capital destruction, back to our markets."

I've posted (below) on the need to re-regulate and Cramer just reinforces my opinion there, on the up-tick rule. Chris Cox is Reagan-Republic, Laffer Curve, trickle-down, cut-the-tax kinda guy; just what we DON'T need in the current debacle. As with most Bush appointments, he was long on Bushie dogma and short on clues.