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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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I don't like the idea of having one regulator: it's one-stop shopping for lobbying efforts.
It's kind of funny that we are seeing the exact same problems again that Glass-Steagal was designed to prevent. Insurance companies having banking operations, and can invest their "float" in options. Not a good mix IMO.
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Some Porsches long ago...then a wankle...
5 liters of VVT fury now
-Chris
"There is freedom in risk, just as there is oppression in security."
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