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.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra