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Thumbs Up or Down on Financial Regulatory Reform?

Posted on July 16, 2010 by Caleb Newquist

“The answer to that question for both proponents and detractors of the bill is to read it. All of it. Then decide.”

~ Steven M. Davidoff, the Deal Professor, read all 2,300 some-odd pages and just assigned all of you some homework. It’s going become law after all.

Posted in Quote of the DayTagged Financial regulatory reform

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Next: Accounting News Roundup: FinReg Brings Plenty of Change; Some Number Crunching of Goldman’s Fine; ATF: Sin Taxes Rose 41% | 07.16.10

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“How about the fact that you sold hundreds of millions of that deal after your people knew it was a shitty deal? Does that bother you at all?”

– Senator Carl Levin (D-MI) to Goldman Sachs’ Daniel Sparks, regarding SEC allegations that Goldman Sachs sold knowingly shitty CDOs to clients.

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“Like Sarbox, it is destined to fail—except for all the lawyers and accountants and new bureaucrats it will enrich.”

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