http://www.thedailybeast.com/blogs-and-stories/2010-03-15/dodds-flawed-wall-street-bill/?cid=hp:mainpromo1

seems everyone thinks the bill sucks, and the majority of Americans want reform (similar to health care), so why can't we get some simple common-sense shit passed? As for the article, in theory it makes sense that balance sheets should/do reflect reality (the financial position of the firm at any point in time), but I guess I have some concerns about mark-to-market and how some assets should be accounted for. That said, off balance sheet transactions like the Repo shit should in my opinion be put on the BS, and I think E&Y is in deep shit for what happened at Lehman.

I think many people will have trouble just getting past the name Dodd on the bill. Many believe Dodd should be behind bars in a Federal prison. This is like the fox proposeing reform to the rules governing the hen house. Dodd has little credibility.

majorspark wrote: I think many people will have trouble just getting past the name Dodd on the bill. Many believe Dodd should be behind bars in a Federal prison. This is like the fox proposeing reform to the rules governing the hen house. Dodd has little credibility.

The inmates are running the asylum.

Dodd is a joke, just as the entire federal government is these days.

Cleveland Buck wrote: Dodd is a joke, just as the entire federal government is these days.

They have been for many, many days.

Yes, sorry about that. By these days, I meant the last 80 years.

haha, sad but true