OK, I don't undestand why banks wouldn't want to help the people who have mortgages they can't pay at the current rate get into one they could pay. Wouldn't that give the people who lent the money a more consistent stream of money rather than months of no payments? Yeah, people shouldn't have gotten into something they couldn't afford but these banks needs to take some of the credit for lending to people who didn't have a way to pay them back.
The more I hear about Sheila Bair the more I like her. She's realistic and logical.
"She's shown you can be concerned about consumers and not skimp on your job as a regulator"
What is Barney Frank smoking. It is the job of regulators to be concerned about consumers. (Not that they necessarily are in practice, but...) The FDIC exists to protect depositors' money; the SEC exists to protect investors; FERC protects energy consumers...
@pantsless economist: and yeah, i also realize regulators are also charged with promoting competitive markets but still! consumer protection is a huge part of the job description, and he acts like it isn't
I really hope she is Obama's choice for Treasury, and she makes sense for what his priorities are supposed to be.
Larry Summers, beyond his sexist assholery (a huge count against him in my book), is way, way too friendly with Wall Street. I suspect his ideas will be more of the same and the last thing the country needs.
@BrutallyHonestBabes: everytime someone talks about a manual, it's my jackassy time to shine and say, "Que? You want a manual? Let me go get my brother--HIS NAME is Manuel."
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11/10/08
The more I hear about Sheila Bair the more I like her. She's realistic and logical.
11/10/08
What is Barney Frank smoking. It is the job of regulators to be concerned about consumers. (Not that they necessarily are in practice, but...) The FDIC exists to protect depositors' money; the SEC exists to protect investors; FERC protects energy consumers...
11/10/08
11/10/08
11/10/08
Larry Summers, beyond his sexist assholery (a huge count against him in my book), is way, way too friendly with Wall Street. I suspect his ideas will be more of the same and the last thing the country needs.
11/10/08
11/10/08
11/10/08
You can keep your $20, dad. Smoking got me through college.
11/10/08
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11/10/08
Yes, please!
11/10/08
Sorry, I just need to go check my manual and make sure that's right....
11/10/08
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11/10/08
It totally doesn't work on the interwebs.
11/10/08
(I have appointed myself, btw, head of the ABLS movement - Anyone But Larry Summers.)
11/10/08
11/10/08
(Also, p.s., I don't like anybody who's super-chummy with the Wall Street set.)
11/10/08
But I do hate Larry Summers.
11/10/08
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