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Both Sides of the Aisle See More Regulation

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moh malekpour

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May 25, 2002
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Certified Residential Appraiser
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California
http://www.nytimes.com/2008/10/14/b...tml?_r=2&ref=business&oref=slogin&oref=slogin

WASHINGTON — For 30 years, the nation’s political system has been tilted in favor of business deregulation and against new rules. But that is about to change, now that the government has been forced to intervene in the once high-flying financial industry to avert an economywide crash.

An expansion of the government’s role in financial markets is certain: on Friday the Treasury Department updated its recommended reforms of the existing regulatory structure, which it will leave to the next president and Congress.

Congressional leaders and both presidential candidates already have their own, more far-reaching ideas, from further restricting executives’ pay to remaking the entire regulatory structure so that it better supervises both traditional activities and newer ones like credit-default swaps that are unregulated.

But the pro-regulation climate will probably spill over into other sectors. That seems especially likely now that the Treasury and the Federal Reserve are pumping money into corporations of all types to shore up their capital and to finance day-to-day operations until credit markets recover, and with the auto industry separately getting billions in government assistance.

here is an interesting line:
Mr. Litan predicts a spillover effect to other industries because voters have the perception that “big companies are animals and they need to be put in their cages.”

Financial institutions are likely to face tougher rules on maintaining capital and liquidity. Companies and instruments that currently are not regulated could be brought under the government’s thumb; unregulated derivatives, hedge funds, mortgage brokers and credit-rating agencies all have been implicated in the current crisis.
How about AMCs?
 

Workbox

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Mar 2, 2005
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Colorado
How about software vendors that help alter reports? also, conversion and portal systems? at the same Data Miners with inaccurate data and being sold as accurate?
 

Karl

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Jan 15, 2002
Professional Status
Licensed Appraiser
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Arizona
How about PROOF that they will ENFORCE any & all new & old regulations!!!
 
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