Paulson’s Big Bang: For Who And What Do You Care?

Posted by on March 31st, 2008 at 03:04pm

Susuto wrote an interesting post today on
Here’s a quick excerpt
Paulson made this long expected announcement about residential mortgage regulation.  What is relevant? To Who?  Irrelevant or indifferent to McCain, this plan is not adding points to McCain.  It does not do anything to elevate the pains a lot of people are suffering right now.  What is going on?Below is the news from Reuters:http://www.reuters.com/article/bankingFinancial/idUSN3142489220080331This kind of regulation is not something Democrats are good at.  However, putting something like this up front can reduce a lot of fire in this election from the Democrats.  So, it does not add points to McCain, it can take a few hits from Democrats.  However, after reading the pdf file from Paulson, protecting McCain is only a collateral benefit. 
This overhaul is to take the initiative of repair from the Democrats to the Republicans, in particular, someone who knows the financial industry well.  Paulson is not a retail banker.  He comes fromt he capital markets.  […]

Read the rest of this great post here

Under Uncategorized