UnThreaded | Threaded | Whole Thread (35) | Ignore Thread Prev | Next
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 744333  
Subject: Re: Here We Go Again: CRA Back From the Dead Date: 1/25/2013 5:07 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
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.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (35) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Smuggling Rice and Garlic
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement