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View Diary: How to leave a bankster speechless (171 comments)

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  •  I work in a bank, on Wall Street; I can guarantee (4+ / 0-)

    you that we have hired and will need to hire many more people because of Dodd-Frank. Regulation increases the need for new hands not only to interpret the regulation, and ensure compliance, but also to implement new software, new processes, analysts to interpret the costs and find the loopholes etc etc. Increasing regulation is in fact a very direct job creator!

    I'm super frustrated with Obama and Dems - by god, I am tearing out my hair!

    by karanja on Thu Sep 08, 2011 at 11:54:50 AM PDT

    •  What a freaking moron - trying to sound smart by (2+ / 0-)

      rolling out Dodd-Frank, with the assumption that you wouldn’t know what he was talking about or have an answer for it (I posted my first comment before reading the whole diary). Dodd-Frank has not been implemented at all in the least.

      The only thing it is doing right now is costing banks like the one I work for (Yes, I’m here in zip code 10005 representing that liberal bias!:) in the way of extra employees to prepare!, and they will have to hire more when the implementation begins in earnest at the end of this year! If by costing the U.S. economy he means forcing foreign banks like mine to hire more staff, then by all means, yes please, let's do more of it!

      I'm super frustrated with Obama and Dems - by god, I am tearing out my hair!

      by karanja on Thu Sep 08, 2011 at 12:07:18 PM PDT

      [ Parent ]

    •  It'll lower profit margins, (1+ / 0-)
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      Fiddler On A Hot Tin Roof

      and ultimately result in fewer people working in finance.  That's a feature, not a bug, BTW.

      •  banks are always finding new ways to make (1+ / 0-)
        Recommended by:
        Fiddler On A Hot Tin Roof

        money, and they need staff to do it... including compliance... and as for compliance being able to handle it without more staff.. nope.. we had to apply for a specific D-F budget to hire staff to help in implementation..

        I'm super frustrated with Obama and Dems - by god, I am tearing out my hair!

        by karanja on Fri Sep 09, 2011 at 09:33:47 AM PDT

        [ Parent ]

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