I would take regulation more seriously if the people writing it did
Posted by aogTuesday, 24 November 2009 at 20:27 TrackBack Ping URL

Congress opens the door to allowing ACORN to help create and review financial industry regulations.

Who can seriously suggest this is better than not having those regulations?

UPDATE: Bryon York addresses the same subject with the take away that whatever is said in public, ACORN will be supported when the issue has sufficiently cooled.

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AVeryRoughRoadAhead Tuesday, 01 December 2009 at 17:28

Who can seriously suggest this is better than not having those regulations?

I can.

Much as with gun laws, we DON’T NEED any additional laws or regulations; instead, what we need are authorities with the intestinal fortitude to enforce those existing rules, especially when we’re talking about the already-heavily-regulated financial industry.

But since we do not now have, nor have we for awhile, adults1 in positions of authority over the financial industry, then if ACORN puts verbiage in any new laws which would allow “community organizers” to sue the Feds to enforce existing laws, that will be better. ‘Cause it’s guaranteed that although ACORN & ilk think now that they’ll be the only ones handling that tool, within a decade the other side of the political spectrum will be using it too.

And the more attention paid to rentiers, the better off society will be.

1 Meaning people who are willing to take blast-furnace heat to Do The Right Thing. Like Paul Volcker.

erp Tuesday, 01 December 2009 at 20:46

Rough, this comment is really over the edge.

I agree we need to return control of the White House and congress to adults, but I doubt we’d agree as to who the adults are.

Read the constitution. We have an elaborate system of checks and balances with elected officials and senate confirmations to provide us with laws and rules.

The VERY LAST thing we need is ACORN putting verbiage into any thing other than their confessions of wrong doing, especially as they pertain to voter fraud and extorting money ala Jackson’s Rainbow Coalition.

Annoying Old Guy Tuesday, 01 December 2009 at 20:57

AVRRA;

Your analysis fails on three counts.

First, the idea that if current regulations aren’t being enforced, new regulations which say “enforce those other regulations” are anything other than utterly silly.

Second is the idea that ACORN and its ilk would write regulations that bothered to enforce anything except extorting money from productive enterprises in to their own and their friends pockets.

Third is a follow on from the previous in that it is ACORN who are the rentiers, extracting their living through the force of government, ACORN is the one with the patents and tax farming. ACORN lives on wealth taken by force from others while contributing nothing. Is that not a rentier?

Annoying Old Guy Friday, 04 December 2009 at 14:01

Ah, the joys of regulation. It seems that the head of the Homeland Security Committee decided to use regulation to engage in a bit of extortion fund raising against credit card issuers. Just not serious.

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