Friday, December 11, 2009

Finance Regulation Happening?

It kind of looks as though the House has passed something resembling reform of regulation of financial institutions, investment institutions. I'm quite sure there is plently lacking from the left perspective, I am insulted by the exclusion of cram down that would allow morttgage term restructuring on primary residences while allowing it on luxuries like second homes and yachts - who is that designed to benefit?

It seems to have a lot going for it, regardless. Now we get to see what the Corporate Investment Whoredom known as the US Senate will make of it. Be ready to puke, despite the last couple years.

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