Remember the 1970s

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1 Response

  1. Mathew says:

    Are there a lot of serious people who want to enact New Deal type financial regulations? I’m not completely against it since I make my living parsing those regulations, but I’ve actually been surprised at Congress’ restraint up to this point. Maybe they are waiting for a new President before they get things underway, but from an outsider’s perspective they might just as easily be waiting to see if they can figure out what regulations might actually be useful. SOX went through about eight months after Enron started claiming headlines. The current financial mess has been going on for over a year but really got legs in Sept. Should we expect then a cumbersome piece of legislation that will repulse capital from US shores in April?