Showing posts with label laws. Show all posts
Showing posts with label laws. Show all posts

Friday, July 30, 2010

Financial Overhaul

Oh goody, more big brother and more government reform.  This thing is bad and it does nothing that would actually prevent the same kind of mess from recurring.   It does not touch Fannie Mae and Freddie Mac - hmm let's see could it be because these are government sponsored enterprises?  Fannie and Freddie played a huge role in creating the financial derivatives market, funded or backed trillions of dollars in questionable mortgage loans and still control half of the U.S. mortgage market.  The new bill will kill as many 120,000 jobs and cost $6 billion dollars a year according the Business Roundtable. Expect banks to tack on new fees to offset the loss of fees in credit cards.  No wonder that a poll of 1,002 Americans by Certified Financial Planner Board of Standards shows that four in five believe Congress and regulators have failed to "deal with the financial market problems and their impact on American investors".

Tuesday, July 27, 2010

Taser is the Right Response

Several months ago, a fan ran onto the field at a Philadelphia Phillies baseball game.  As he continued to run around and the fans cheered, he was tasered by the security officers.  Take a look.
The teen's father told ABC News that his son looked back and saw an "old guy" chasing him, felt sorry for him and was about to stop when he got zapped.
Bonnie Clark of the Phillies told ABC News today that the team is speaking with the Philadelphia police about whether an officer used excessive force by using a Taser on 17-year-old Steve Consalvi.
Was it excessive force?  Take a look at the most recent fan who ran around the Baltimore Orioles park for what seems like forever before surrendering himself finally to authority apparently after the umpire chastised him. 
The “fan” shows a remarkable ability to thumb his nose at all that is law in the interest of expressing his individuality.  He was promptly rewarded by the fans with a rousing ovation.  What kind of message does that send?
I’ll take the taser!