[tcostell]

Mark my words, all you people who are demanding more regulation of banks will come to regret it. It's going to effect your lives in ways that you don't see yet. You're foolishly going to be putting control of important parts of your life into the hands of Barney Frank and Chuck Schumer. There has been a lot of stupid behavior in the last few years, but it's nothing compared to what those two will be doing to you.

You don't see it yet, but you're surrendering your freedom for nothing other than the chance to 'punish the rich guy', or the 'Wall street fat cat'. You're making yourselves the willing tools of evil men.

It's a shame to watch if you ask me.

[wmfights]

You're foolishly going to be putting control of important parts of your life into the hands of Barney Frank and Chuck Schumer. There has been a lot of stupid behavior in the last few years, but it's nothing compared to what those two will be doing to you.

That's why the govt. should have let those that made bad decisions pay the price for them. The only thing the govt. should have done is change the accounting rules and insured the performance of the mortgages.

The market is just beginning to tighten up. Citicorp has announced they are getting out of the secondary market. How long till the other big players do the same? Does anyone believe banks are going to make any loans to anyone/business without them being AAA.

IOW, the problem will get worse and those that helped create this mess will be in a position to assert more control over the financial markets.