Treasury? Hello?

Posted: October 6, 2008 at 12:25 pm by Chuck

Are there any firing neurons at the the US Treasury? Ryan isn’t giving me any hope, and Paulson’s are gone, I’m sure.

TREASURY’S RYAN: LIQUIDITY PROBLEMS ARE AT THE HEART OF THE CURRENT CRISIS, CONFIDENT THE US WILL EMERGE FROM THE CRISIS WITH STRONGER MARKETS
- Policymakers have to use all of the tools at their disposal and create new tools in order to reckon with the crisis.
- Financial landscape will be very different after the turmoil settles, believes that certain structures and institutions will not survive.
- Recent events show that the US has a sub-optimal regulatory structure, comprehensive reform is required. Events also indicate that market discipline failed.
- The US is headed in the right direction to resolve the crisis, but plenty of work remains.

A liquidity crisis? Uh huh. "sub-optimal regulatory structure?" What the hell difference does it make to have even MORE regulations? Ask SEC Chair Cox how many regulations were overlooked. Ask the Senate Banking Committee how many regulations were discarded at will. Don’t tell me we need regulations!! We need men, BUSINESS men, to stand up to these government over-regulators and say "Get the hell out of my way!"

But, that’s just my humble, little opinion….

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Comments

2 Responses to “Treasury? Hello?”

bearbully on October 6th, 2008 1:59 pm

i think Paulson is feeling nostalgic and he wants to run Treasury like it is Goldman Sachs. That is what he will be doing with the $7000 billion he is got .
ecklebob on October 6th, 2008 4:43 pm

“Policymakers have to use all of the tools at their disposal and create new tools in order to reckon with the crisis.” Lisa darlin’, they can remove the word “tools” and replace it with the word ‘taxes”, as in going UP. It’s coming.