August 2006 Weddings
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I don't understand...

re: GWB speech... he said something along the lines of once the crisis is resolved, regulations should be reviewed or put in place or something like that...

shouldn't that be happening now, while this is being resolved, as part of the resolution?

This is an honest question... I'm no economics student.  Am I missing something?

Re: I don't understand...

  • This bailout is like a bandaid. It needs to happen asap. Redoing regulation will require a much more thought-out process - like surgery. I don't think the two should be combined b/c the bailout bill is happening too quickly and is too political with the election being right around the corner.
  • Ok, so the bailout being a band-aid doesn't really resolve the issue - it puts us on track towards the problems being resolved, right?

    Am I putting too much emphasis on "once it's been resolved"?  I understand patching up the problem, and I understand your point about things happening too quickly in a hyperpolitical time-frame...

    I guess I just don't want to see the revisiting of regulations as a longer term solution put away and forgotten, KWIM?

    Thanks for answering, at any rate. Smile

  • I completely agree. Revisiting regulations should be a top priority for congress. (actually it should have been top priority years ago if congress had an ounce of foresight. Bitter: Party of one!) This cannot be allowed to happen again and it will unless the system is revamped.?

    I reread Bush's speech to get clarification on the part you mentioned. I believe he meant, "once we're past the crisis point" then we can work on the larger, more complex structural problems of the industry.?

  • Oh and I think a better analogy than the bandaid would be to say the bailout is like defibrillation. : )
  • I think you better get a bigger table for the Bitter party Stick out tongue
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