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Author: CCinOC Big funky green star, 20000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 757691  
Subject: Re: Here We Go Again: CRA Back From the Dead Date: 1/25/2013 5:07 PM
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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.
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