Has TARP worked?

Ron61 · #1 (**permalink**) 12-15-2009, 06:11 AM

Ernie,

I agree with you in principal, but with this administration it seems everything they do is geared to giving them more power and taking more from the people. If they would just put some legal and logical controls on the mega corporations and banks, then I would agree with you. And Wall Street does need some kind of regulations as the SEC is as corrupt as they are.

Ron

Tommy · #2 (**permalink**) 12-15-2009, 06:23 AM

Quote:

Originally Posted by Ron61

And Wall Street does need some kind of regulations as the SEC is as corrupt as they are.

Ron

How about giving the SEC regulators a financial incentive for rooting out wrong doing? Do you suppose they might have looked more closely at Madoff if the regulator could have claimed a small percentage of the fraud uncovered?