Belmont Club

By Richard Fernandez

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All for one and one for all

October 11, 2008 - 8:10 am - by Richard Fernandez
dla
2008-10-11 08:57:01

After the stock bubble popped, we got more regulations. Now publicly traded company’s are managed like banks. Because Congress wanted to prevent another Enron. So stock options disappeared for the worker-bees.

What will Congress enact this time? Will they ban the CRA? Doubt it. Will they even acknowledge their culpability in this mess? Don’t kid yourself. Will Barney Frank be removed from office? No – he’s a Democrat. But my guess is that ultimately you and I will be impacted negatively.

So is Congress going to outlaw bubbles?