Are these the same regulations put forth by FDR after the Republican Great Depression caused in part by Milton Friedman neo-liberal economic principles 60 years ago. The same regulations that have been eroding since Ronald Regan took office in 1980, which went into over drive when the "Alice in Wonderland" Bush administration took office. Those regulations. We have been down this road before and it always ends badly, yet movement and neo-conservatives insist on dismantling the policies that FDR which were put forth in order to gain the trust of the people in their government and financial institutions. Iraq is simply a wild west out of control version of what"s ailing our own economy, the same neo-liberal principles. When are movement conservatives going to figure out that you can"t ruin government for a mere ideological agenda? Hating government is not a principle to hold office, it dose not work. Cheney and the fools that surround him want power in order to rule not to govern. This concept of rule is in such contrast to what the founders intended; it"s is a blueprint for failure and it has.

http://www.counterpunch.org/whitney03292008.html

Why the H would we let the Fox make the rules for the hen house. This down fall in the economy didn't start yesterday. First after the election of Regan the republican being Republican want to deregulate every thing so we had no check and balances to our system and they could do what they wanted to. After wrecking the Saving & Loans, Airlines and small banks, we then encouraged mergers and acquisition in order to eliminate competition, basically the same thing happen during 1929 depression on then it was done by monopolies. As home lending when from the wreck of the Saving & Loan wreck to mortgage broker and the secondary market was taken over by Investment Banking company. Now the Republican want us to let them set up the rules ha ha

Well, frankly it is more about the American people that Hillary you or I. A majority of Dems want her to stay in. The American people vote for her in greater numbers than her negatives. She must be doing something right again, while thin skinned, politically correct folks are so falsely offended.

The folks that pay attention know that this mess was missed by Greenspan who is part of the Fed, but most of the blame should go to the SEC and people like Harvey Pitt. The SEC are suppose to be the regulators. Paulson runs the treasury and knows this got so out of hand he is demanding better regs. All the attention goes to Bernanke and Greenspan, Fed chairmen, but the real issues we are suffering is the lack of regulation of the brokers and certain investment banks and hedge funds.

Who has the power to Reg these sectors? the SEC. Pitt should have been fired the day he was hired and the latest Bush crony running the SEC is Cox, who has been avoiding the press like the plague!

Donalson was a good appointment, but was his own guy, friendly with the Bono and others trying to mend the world bank, so Bush fired him! Paulson is the person you need right now and Bernanke is doing fine. Cox should be fired for his Katrina like behavior during this crisis.

Somebody should run over the SecTreas' office and slap him upside the head, real hard.

A band aid on a huge, bleeding gash.

The most incredible part of this story as I read in the Sunday NY Times is how, under the new "regulation," the Fed won't step unless a crisis appears imminent. How is that any different from the situation now unfolding? Translation: Only after the power brokers have plundered the economy with their fraudulent products and false ratings, and profited handsomely, will the Feds do anything about it.

* "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world--no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men."

--President Woodrow Wilson

And 3 more great quotes:

Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States"-Sen. Barry Goldwater (Rep. AR)

"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill." -Charles A. Lindbergh, Sr. , 1913

"From now on, depressions will be scientifically created."-Congressman Charles A. Lindbergh Sr. , 1913

"Paulson's Reform Will Do Little For Current Crisis"

Damn little. These "reforms" will just stretch this disastrous time period out so they can squeeze a few more dollars out of working people.

Vote Republican!

This is hilarious...
"...leaves it to states to enforce federal regulations..."

Enforcement? I don't see no steeking enforcement.

The real plan is to turn the Federal Reserve into the Central Bank of the United States and put it under control of the Executive branch of government thus making our monitary policy totally political. Get ready for bread to go to $E10.00 a loaf and gas to $100.00 a gallon. Once other countries figure out what is happening they will begin to seriously dump all holdings in U.S. Dollars and Oil with start trading in Euros.

I honestly wouldn't waste 30 seconds considering any so called plan by a man who was appointed by Bush. If one can say anything about the Bush administration it's that they have no respect for an don't believe in government. That being the case, why should anyone pay attention to anything these people say about reform? It would be better to wait until we elect a responsible administration before changing anything in the long term.