“It would impose tougher standards on financial institutions judged to be so big that their failure would represent a risk to the entire system.”

This coming from the same people who said, not a year ago, that these companies were too big to fail.  They have no idea what they are talking about.  I truly believe that they are just guessingwhat to do.

“The administration wants hedge funds and other private pools of capital, including private equity funds and venture capital funds, to be required to register with the SEC if their assets exceed a certain size, the threshold amount has yet to be determined.”

This is typical for this administration—they are so reactionary, and everything they propose sounds so simple but has such arbitrary guidelines; the “thresholds” are so subjective and as I pointed out from the other passage, they are created by not only the very people who created the problem but also by those who I wouldn’t trust to return my change at a toll window.

p.s. Something I heard yesterday that made me think—how long before America is able to recognize (come to grips with) the fact we have a Socialist party in our government?  And I don’t mean this in the way people are throwing around the words Socialist and Communist et al.  I mean that many European countries, England’s “Labor Party,” the Social Democrats of Germany (and the Green Party as well) and openly socialist parties in Italy, France, and several others—they are not afraid to come out and declare, “We are Socialists!”  Good for them, America has several Socialist parties—it’s just that there are only a handful of members in each; this is because nobody wants to be associated with the word ‘Socialism’ in America .  The word has become so stigmatized that even the true Socialists (anyone who calls themselves a ‘Progressive,’ Hillary, Obama, Frank, et cetera) make up new words for their party.  We have to wake up and acknowledge that we too have a Socialist party, just like everyone else, but unlike Europe , ours has usurped and bamboozled its way to top of our Legislative and Executive branches of Government.