I'm from the government, and I'm here to help.

Diskusjon om politiske temaer fra det internasjonale nyhetsbildet.

I'm from the government, and I'm here to help.

Innlegg Panther 15 Apr 2010, 16:50


Use Bankruptcy Courts Not More Financial Regulation
13 April 2010 James Gattuso

Bigger government and pre-funded bailouts won't fix the system. Instead, the focus should be on establishing an effective bankruptcy system for large financial firms, to allow failures to be addressed in the same way failure is addressed in other industries.

"I'm from the government, and I'm here to help."

Ronald Reagan considered those nine words the most terrifying in the English language. And the government has been offering a lot of such help lately. Most recently, of course, is the trillion-dollar health care bill — chock-full of expensive mandates, prohibitions and regulations.

But, barely coming up for air, Congress and the Obama administration are at it again: this time targeting the financial system. Only one day after Congress approved the health care bill, the Senate Banking Committee approved a massive regulation bill for the financial world.
Ken-G. Johansen.
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