Comments on: McCain Gets Both Acronym And Purpose Of SIPC Wrong

By: thirdparty

thirdparty — Thu, 18 Sep 2008 05:27:24 +0000

Well, Obama referred to AIG as the American Insurance Group. Whoops.

By: sweetshrubs

sweetshrubs — Wed, 17 Sep 2008 22:24:12 +0000

@ ghot

If all McCain does is read, it really makes no difference. In that case his advisers/handlers are the dumb ones. Either way, all the alternatives are bad.

Vote Obama/Biden 2008

By: jonathan

jonathan — Wed, 17 Sep 2008 22:09:57 +0000

Geez.

McCain’s campaign co-chair and ranking economic advisor CREATED this mess. As a senator Phil Gramm co-authored the bill that destroyed financial regulatory protections, allowing Enron, the sub-prime collapse, and the near-bankruptcy of AIG.

How dare senator McCain question the competence of hard-working public servants struggling to reign in rogue financiers and market manipulators when he and his destroyed the most effective tools available for that job.

By: JinJin

JinJin — Wed, 17 Sep 2008 21:23:40 +0000

LOL, I think everyone knows by now that McBush makes it up as he goes along and just thinks all the Sheeple are stoopid and believe his crap. Sadly, that is exactly the xcase with those that support him! JIff Ultimate Anonymity

By: JimboSlice

JimboSlice — Wed, 17 Sep 2008 09:18:05 +0000

No I think McCain got his remarks as he intended them. After all isn’t blaming Hispanic Immigrants “spic’s” the fall back of all Republicans. So it turns out that McCain isn’t dumb, he is just racist.

By: Jim37

Jim37 — Wed, 17 Sep 2008 07:20:54 +0000

Treasury Secretary Paulsen already proposed what McCain said in the video clip. Paulsen recommended combining the SEC and CFTC, which Congress has talked about for many years, but never take any action

March 31, 2008, hp-896

Treasury Releases Blueprint for Stronger Regulatory Structure

The short-term recommendations include improvements to regulatory coordination and oversight that regulators can make quickly. The Blueprint recommends creating a new federal commission for mortgage origination to protect consumers better. The report also recommends modernizing the President’s Working Group on Financial Markets and clarifying the Federal Reserve’s liquidity provisioning, as Secretary Paulson discussed last week.

Intermediate-term recommendations focus on eliminating some of the duplication in our existing regulatory system, but more importantly they offer ways to modernize the regulatory structure for certain financial services sectors, within the current framework. Recommendations include eliminating the thrift charter, creating an optional federal charter for insurance and unifying oversight for futures and securities

The long-term recommendation is to create an entirely new regulatory structure using an objectives-based approach for optimal regulation. The structure will consist of a market stability regulator, a prudential regulator and a business conduct regulator with a focus on consumer protection.

http://www.ustreas.gov/press/releases/hp896.htm

By: ghot

ghot — Wed, 17 Sep 2008 04:02:50 +0000

Which raises the question: does he know what he’s
talking about or is he just reading what is put in
front of him?

He reads. See him giving his thoughts on wiretap laws.