Party on dude

[Danzig]

nothing like a non issue to sidetrack people from real problems-you know the treasury still is undermanned due to more folks pulling their names from consideration?
the #1 crisis right now is the banking industry-and our dept of the treasury is understaffed.

[Cannon Shell]

Originally Posted by Danzig

nothing like a non issue to sidetrack people from real problems-you know the treasury still is undermanned due to more folks pulling their names from consideration?
the #1 crisis right now is the banking industry-and our dept of the treasury is understaffed.

Why would anyone with a clue want to work for a dept that no one seems to think can fix these issues with their current policies? Not to mention that being a punching bag in front of Congress during the vetting process doesnt look like much fun.

[Danzig]

Originally Posted by Cannon Shell

Why would anyone with a clue want to work for a dept that no one seems to think can fix these issues with their current policies? Not to mention that being a punching bag in front of Congress during the vetting process doesnt look like much fun.

that's the thing-just when we need people in there to do what needs to be done, no one seems willing or able to take on the task. part of the problem filling positions is that obama has made the requirements very difficult to meet-good luck finding someone who didn't work for the banking industry in some capacity with the wherewithal to work in that field...

[Cannon Shell]

Originally Posted by Danzig

that's the thing-just when we need people in there to do what needs to be done, no one seems willing or able to take on the task. part of the problem filling positions is that obama has made the requirements very difficult to meet-good luck finding someone who didn't work for the banking industry in some capacity with the wherewithal to work in that field...

Which is exactly my argument against the Federal govt being involved with horse racing regulation. Who exactly is going to fill the roles needed to successfully enact realistic and helpful regulation? The current 'leaders'?

[Danzig]

Originally Posted by Cannon Shell

Which is exactly my argument against the Federal govt being involved with horse racing regulation. Who exactly is going to fill the roles needed to successfully enact realistic and helpful regulation? The current 'leaders'?

lol
any time anyone says we need more federal involvement, i cringe. from what i've read over the years, the further you are from the seat of federal govt, the more corruption, anarchy, etc you have. probably explains why california is one of the worst states as far as medicare, medicaid fraud, etc. putting feds in charge of anything is like having inmates run an asylum.

as far as racing, they need standardized rules moreso than one governing body-and certainly not anything having to do with feds.

[wiphan]

There is one easy way to fix the banking problem. Fix the Mark to Market accounting regulations and almost 90% of the problems would be gone

[Cannon Shell]

Originally Posted by wiphan

There is one easy way to fix the banking problem. Fix the Mark to Market accounting regulations and almost 90% of the problems would be gone

While I agree with mark to market it is a little late for that to be a solution. Let them fail and sell off the assets to the surviving banks at whatever they bring. Let the govt eat the bad assets no one will touch. Obviously this is a simplistic approach and there are a whole lot more factors but throwing money at them and AIG and GM is almost guaranteed to fail.