tag:blogger.com,1999:blog-7408079476623299004.post7245419156076760343..comments2023-05-07T04:41:28.057-07:00Comments on No Brainer Politics: Financial Overhaul BillViking Viewshttp://www.blogger.com/profile/12197723979139702731noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7408079476623299004.post-8670467681508435132010-06-16T10:21:08.640-07:002010-06-16T10:21:08.640-07:00I'm not sure about Wondarwie's first sente...I'm not sure about Wondarwie's first sentence on the Financial Overhaul Bill, but he may be right. However, I generally agree with his second and last sentences, although Senate staffers writing most of the bill must, I assume, have consulted with a number of experts, since it's highly doubtful many of them really know much about a lot of this highly technical stuff, especially including derivatives.Viking Viewshttps://www.blogger.com/profile/12197723979139702731noreply@blogger.comtag:blogger.com,1999:blog-7408079476623299004.post-87754997108194179492010-06-14T14:38:17.094-07:002010-06-14T14:38:17.094-07:00It is clear that the reason the Senate Financial O...It is clear that the reason the Senate Financial Overhaul Bill is 1,336 pages long is to obfuscate this complex issue. Politicians should keep their hands off this and allow more knowledgeable minds to sort this thing out. The main danger, as I see it, are the derivatives. The secondary issue is finding competent people to write the bill who are willing to put the U.S. economy ahead of their personal interests. Both of these problems seem insurmountable, but I try to be optimistic. History has not been on my side, however, as I once believed the revered chairman of NASDAQ, Bernard Madoff, was the salt of the earth and that he always put national interests ahead of personal interests. We need to be very careful about who is writing this bill and whose interest they are covering.wondarwienoreply@blogger.com