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Robert Heller: Restoring Confidence In Financial Markets

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Newspeaker Avatar
Newspeaker +
FORA.tv Staff
Posts: 39
Posted: 05.18.09, 10:00 PM
i get your points and agree with you. obviously, mr. heller was speaking as a banker....and in the context of men in his position, i felt he was less oblivious and better intentioned than most...probably because he is no longer at the head of a major bank.
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seans Avatar
seans
Posts: 2
Posted: 05.11.09, 11:32 AM
Hmmm... let me get this straight...

1. we need to restore bank confidence (darn banks have such low self-esteem)

2. we haven't protected the corporations enough. although we gave them the status of person-hood, repealed interstate banking laws, repealed the separation of investment and commercial banks, it wasn't enough... dang.

3. the government and it's taxing ways is the problem. risk-taking corporations who privatize profits and socialize losses are what pump the life-blood of our economy.

4. more money for the epa, state department and (gasp) social programs are a waste because corporations really just need more security (an army say) for their overseas operations (natural resource extraction, i.e. oil, etc.).

5. long term investments make us wait too long. we need profits this quarter. ok, ,long-term investment in lobbying congress does show promise.

6. Banks run internal stress-tests all the time. They don't need the government to run similar tests.

7. The problem with regulation is that banks are not allowed to do what needs to be done--you know boost bonuses, leverage reserves, subsidize lobbyists--too much openness is a bad thing. darkness is the best (dis)infectant.

8. Don't question the rules --- that's the business of bank managers.
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