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+---- Thread: Correct me if I"m wrong (/thread-353778.html)
Correct me if I"m wrong - DrTorch - 03-12-2009 02:46 PM
but isn't less regulation the exact opposite of what the left has been asking for...and exactly what the right has been asking for?
http://news.yahoo.com/s/ap/20090312/ap_on_bi_st_ma_re/wall_street
Quote:Major stock indicators shot up about 3 percent after a policy-setting body for the accounting industry said it would make a long-awaited recommendation to Congress about easing financial reporting rules for beleaguered banks in three weeks.
That's not to say that these recommendations are good or bad (I haven't a clue)
RE: Correct me if I"m wrong - Hambone10 - 03-12-2009 03:33 PM
I think the purpose of easing the reporting rules is to lessen the burden and "stigma" of these unknown assets. This isn't really about regulation... It's almost about hiding the truth because the truth is so difficult for most people to understand that they panic.