Maddow is a bit over the top for me in this clip. I think the big issue separating Dems and Repubs on financial reform is whether a FDIC-like resolution fund should be created which could be used to wind-down firms or bail them out, or whether problem firms should go through the bankruptcy process. I haven't heard anyone say they don't want financial reform, they just disagree on how to do it. And of course, the irony in the whole situation is that the investment banks are big time Dem supporters.
In my view it is politics as usual. You can't say you're against financial reform - not after what this country's gone through - you'd be booed off the stage and run out of town on a rail. The question is whether anything can be fashioned that won't be trashed by the other side of the aisle. It's reminiscent of Sarbanes-Oxley.
Maddow is a bit over the top for me in this clip. I think the big issue separating Dems and Repubs on financial reform is whether a FDIC-like resolution fund should be created which could be used to wind-down firms or bail them out, or whether problem firms should go through the bankruptcy process. I haven't heard anyone say they don't want financial reform, they just disagree on how to do it. And of course, the irony in the whole situation is that the investment banks are big time Dem supporters.
ReplyDeleteIn my view it is politics as usual. You can't say you're against financial reform - not after what this country's gone through - you'd be booed off the stage and run out of town on a rail. The question is whether anything can be fashioned that won't be trashed by the other side of the aisle. It's reminiscent of Sarbanes-Oxley.
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