Comments on: Paulson Warns Against Regulation Overkill

Treasury Secretary Sees "Long-Term Harm" To Economy If U.S., World Adopt Severe Regulation

[mikezembill]

PROGRESSIVE TAX ON THE SUPER RICH AT ABOUT 90%. START WITH THE CEO''S FIRST MILLION AT 50% ANYTHING OVER THAT ITS AT 90% AND COME BACK TO THE FIRST MILLION AND TAKE 90% OF THAT

[inventagod2]

Worst
Administration
in
HISTORY!

[heavylexus]

I don''t see how we can let these people leave office without cleaning up this mess. this administration has been the worse in our nations history. how can their children, spouses, family, and friends ever say that they new these people with pride. what a shame what a shame

[chrisbieber]

Herr Paulson was speaking at another rhetorical! freemarketer Ronald Reagan''s library....their Brer Rabbit "Dont give us too onerous of regulations" fooled/continues to fool the conditioned and utterly oblivious Americans...who think weUS HAS a "free market" and that the "Federal" Reserve is a branch of the government..

and Rome burns....and the NONGovernment "Federal" Reserve prints more worthless fiat notes....and the clamoring for MORE controls and regimentation continues...in a BIPARTISAN emotional chorus......

[david1737]

Oppps, forgot to mention the deregulation of "Big Pharma," and the ever rising cost of health care.

[david1737]

Hmmmmm.

Baby-boomers retiring.

Social Security needs reforming.

Medicare gets retooled.

401ks, pensions and other retirement obligations suddenly undermined by global econ. crisis. (due to deregulation of the commercial and investment banks)

Banks offer "reverse mortgage" option to seniors.

Follow the money people.

[steamed2]

Paulson warns over-regulation could do more harm? IS THIS MAN CRAZY? Normally I''m not into conspiracies, but every move Sec. Paulson has made brings me inescapably to this conclusion. As the CEO & Chief Financial Officer of Goldman Sachs, he personally took a hand in dismantling most of the major laws restraining the questionable activities that has brought the financial system to it''s knees. He''s not trying to minimize damage to taxpayers, he''s trying to prevent the collapse of specific companies like his own Goldman Sachs, A.I.G and Citigroup, who''s failure could bring out 52 trillion dollars in CDS''s (not to mention other derivatives)that should have been illegal in the first place. He''s changed his mind where to put the money? Is everyone in Congress galactically stupid? (Oh, yeah, I guess we already know the answer.) He''s feeding bull*#&t to morons! For some interesting info, check out http://www.peak.org/~LW584

[david1737]

I hear that Paulson has lost one strand of hair for every ten billion dollars which he''s stolen. LOL

[susanhelit]

And here we see the problem with having people of the same ideology that caused the bailout running it. They don''t really believe they did anything wrong. Maybe we should get Greenspan back - he, at the least, recognized that he was wrong, that businesses when unregulated will indeed self-destruct in the search for short term gains at the cost of long term destruction.

[david1737]

Don''t forget that the root of this economic meltdown is Phil Gramm''s CFMA (the Commodities Futures Modernization Act) which literally PROHIBITED regulation of Credit Default Swaps!

Sneaky Gramm and his friends covertly placed the CMFA into an omnibus spending bill in the final days of the Clinton Admin, causing Enron, and the Subprime debacle.

Global financial meltdown rests at the door of Phil Gramm and other key players who will most likely never be held accountable. In fact most have already enjoyed tens of millions, if not hundreds of millions of dollars as a result.

[david1737]

Opps, I forgot Bernanke, and especially Greenspan, go ahead and toss Bill in the there too.

[david1737]

Let''s get "old west" on Paulson, Gramm, Dodd, Frank, and the entire Bush Admin. Anyone got some rope?

[missingamerica]

Greed has destroyed America, and now the entire developed world will suffer.

Posted by ddaryl1 at 04:20 PM : Nov 20, 2008

...and the under-developed world will suffer more.

[dnamj]

Paulson: Whatever you do, don''t throw me in that briar patch!

[lemonskink]

I predicted 6000 for the stock market by January. Boy, was I off. Lucky if it can make it above 6k this month alone. Way to go Bush and Bushies.

[soose95]

Bush is waiting to exit the White House and Obama is waiting to move, everyone who should know what to do is treading water. In the meantime, those of us who are retired are watching our 401K''s crash and burn. Honestly, we don''t have another 65 days to wait, we''ll be on the streets.

[torva-2009]

There is only one thing wrong with Paulson''s statement.

It wasn''t over regulation that killed off Enron, Worldcom, Lehmann Brothers, and Wall Street.

It simply was greed and a lack of good judgement and common sense...

The market has proven that it can not and will not police itself, has no sense of "enlightened self-interest" nor do the over extended consumers who borrowed more than they could/can afford...

In the end, regulation is all we have to protect ourselves from ourselves.

[mikezembill]

Palson why don''t you just shut the fvck up you stupid peice of dogshi!.

[antoniof123]

Why does anyone listen to this idiot moron Paulson he needs to be gone with the rest of them.

Come on America you can hold out for another 2 months I hope.

Paulson calls this a "once or twice in a hundred year" phenomenon? How long did he take him to figure out this happened twice in the last 200 years? Obviously the brightest bulb in Dubya''s lamp. And he worries about too much regulation? Too much? Where is "too much" regulation on the $700 billion, the $540 billion for money marketeers, the %150 billion for the insurance moguls, we don''t even know where all the money is going from the $10 billion a month poured into Iraq. We gave $2.5 billion to the oil companies as incentives when their war profiteering inflated their profits four hundred percent; where is the "too much regulation" there, my man? What is this guy smoking?