The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Early CampFIRE

URL:  http://boards.fool.com/no-but-government-can-alter-the-environment-so-30506866.aspx

Subject:  Re: Here We Go Again: CRA Back From the Dead Date:  1/25/2013  5:07 PM
Author:  CCinOC Number:  668317 of 749118

No, but government can alter the environment so that it is in Wall Street's self-interest to do things that in a rational environment would be obviously unwise.

They're "altering the environment" now and, guess what? Consumers are paying the price. The costs involved in obtaining a mortgage have increased 50%. Fees...fees...fees... Do you really think Wall Street is going to absorb the cost of compliance? Not a chance.

Did Sarbane-Oxley stop the crooks on Wall Street? Nope.

Do you think the Dodd-Frank Act is going to stop the crooks on Wall Street? I doubt it.

That's the thing about crooks, they're always one step ahead of the po-leece.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us