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Tuesday, June 29, 2010

Barney Frank writes the rules! Why not let Roman Polanski write child care legislation too while we are at it?

It is going to happen again. And when it does we just went all in on the same failed system, i.e., "too big to fail". Nothing said at all about Fannie and Freddie. But what I will never accept is the fact that Barney Frank was the cause of most of this mess and he is the main author of the new legislation. That is sickening.






http://online.wsj.com/article/SB10001424052748703615104575328993006115992.html

2 comments:

U said...

Dr. Parker:
It seems that the everybody is saving themselves. Instead of giving the Federal Reserve more power to regulate, they should find a solution to prevent future bailouts. What is the plan to encourage new and existing business? Personally I would start a tomato garden and go back to the olden days.....

ArmChairEconomist said...

Hey U:
The "olden days" were great. Remember when influenza would come through and wipe out an entire town? Good times. Or how about when you didn't have the computer sitting in front of your face to provide access to an infinite amount of knowledge? Good times. Or even better, how about when the average life expectancy was 60? Good times. But to each their own, you say tuh-mah-toh, I say tuh-mey-toh.....