Atlanta Weather

| Traffic

Search
The Biz Beat

Power Breakfast: Obama’s financial regs, Atlanta symphony architect, MARTA, digital TV problems

6:17 am June 17, 2009, by Henry Unger

Today is the day President Obama unveils his plan to straighten out the worst financial mess since the Depression.

The Wall Street Journal outlines some of the details, from a newly empowered Federal Reserve to beefed up consumer protections and controls over some exotic investment products, such as derivatives.

Too much government interference? Not enough? That’s the debate that we’ll be hearing over the weeks to come.

Given lessons learned from the Depression and the very tough times we’ve been going through now, I lean toward strong medicine.

How about you?

In the AJC:

In other media:

  • Print

6 comments Add your comment

Dan

June 17th, 2009
1:00 pm

Relatively speaking regulations imposed by market forces are consistent, objective and have a discernable motivation, the success of a business. Government regulations are subject to a myriad of motivations that are constantly changing and therefore impossible to predict making such institutions less worthy of investors money. The less interference the better, and any that exists needs to be devoid of political motivation

sd

June 17th, 2009
1:02 pm

I honestly believe that no “new” regulations are needed. Rather, we just need to “undo” the deregulation of the last 20 years. Specifically, we should repeal Grahm, Leach, Bliley which would reinstated Glass-Steagel. On top of that, we should repeal the legislation that deregulated teh derivatives markets in the early 1990s.

Thats it. All that needs to be done.

jbmlaw

June 17th, 2009
1:37 pm

Given that the government caused the housing bubble – (a) easy money at the Fed, (b) subsidized FNMA and FHLMC corrupting the market, (c) Congress raising FNMA and FHLMC loan limits to $700,000, and of course (d) the Carter era Community Reinvestment Act (which makes regulator-controlled privileges contingent on the quality of service to low- and moderate-income communitites) – I cannot envision a worse “cure” for the economy than more government intervention. I assume the cure will be just as well-conceived as the cause of the current problems.

cliff zeider

June 17th, 2009
1:45 pm

Hey, I wish we cound put more regulations on this Government. cz

hrw

June 17th, 2009
2:13 pm

What efforts the President is making on various issues we are facing appear to be ongoing disapprovals by those who don’t like it. We all are and have face some deep trouble times; and while we sit back and watch big companies get monies; many of thousands have lost their jobs and home, even the so called rich has to move into the soup lines. So we are all looking for a better day but I don’t think we will be getting any help from anyone on our personal troubles we all are havng. We are not going to be help out. We are on our own as tax payers and as things continue, many of us will dig deeper into our savings and our children might not reach college. Jobs are not surfacing as they once did. We are not moving in the right direction because we continue to be pull back from where we started. some body don’t want the President to acheive goals that he set; and we as the United States Citizens should want to live right and give the President a change because no body every questioned the former President when he made decisions and they did not treat him as they are treating President Obama. President Obama is the President and is due every respect. The more we all move toward making America right, no one can disagree with what we as citizens are doing. The more and the longer we continue to down our President, then, do we think that things will get better. I don’t think so! You all who are negative on the President, I asked that you all treat me fairly and be respectful to and about him. Let’s not let this economy make us less than Americans. You all be blessed!

bp

June 17th, 2009
2:24 pm

Can you say New World Order.