US Plans finance system overhaul - GoFuckYourself.com

Michaelious · 03-31-2008, 02:59 PM

US plans finance system overhaul

Henry Paulson wants the financial system to be more competitive

Treasury secretary
The US Treasury has revealed its blueprint for the biggest overhaul of regulation of the financial sector since the 1930s.

Critics have said that the credit crunch and resultant market turmoil made a strong case for change.

But Treasury Secretary Henry Paulson rejected claims that existing regulations have led to the turmoil.

And he said the plan should not be implemented until current difficulties roiling financial markets are resolved.

I bet they'll still fuck it up

GrouchyAdmin · 03-31-2008, 03:00 PM

Quote:

Originally Posted by Michaelious

I bet they'll still fuck it up

That's what we do.

theking · 03-31-2008, 03:21 PM

Quote:

Originally Posted by Michaelious

US plans finance system overhaul

Henry Paulson wants the financial system to be more competitive

Treasury secretary
The US Treasury has revealed its blueprint for the biggest overhaul of regulation of the financial sector since the 1930s.

Critics have said that the credit crunch and resultant market turmoil made a strong case for change.

But Treasury Secretary Henry Paulson rejected claims that existing regulations have led to the turmoil.

And he said the plan should not be implemented until current difficulties roiling financial markets are resolved.

I bet they'll still fuck it up

If it is approved it will not go into effect for a year to two years and it will take eight to ten years to show any affect one way or another...at least that is what the "experts" are saying.

Michaelious · 03-31-2008, 03:23 PM

So basically too late, at least America is working alot quicker than the UK did with Northern Rock etc.

03-31-2008, 02:59 PM	#1
Michaelious Confirmed User Join Date: Jan 2004 Location: Scotland Posts: 6,720	US Plans finance system overhaul US plans finance system overhaul Henry Paulson wants the financial system to be more competitive Treasury secretary The US Treasury has revealed its blueprint for the biggest overhaul of regulation of the financial sector since the 1930s. Critics have said that the credit crunch and resultant market turmoil made a strong case for change. But Treasury Secretary Henry Paulson rejected claims that existing regulations have led to the turmoil. And he said the plan should not be implemented until current difficulties roiling financial markets are resolved. I bet they'll still fuck it up __________________

03-31-2008, 03:23 PM	#4
Michaelious Confirmed User Join Date: Jan 2004 Location: Scotland Posts: 6,720	So basically too late, at least America is working alot quicker than the UK did with Northern Rock etc. __________________