Quote:
Originally Posted by Tyrone Slothrop
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God, I hope they blast away at the banks. More stuff like the Goldman suit and regulatory threats creates a win/win scenario. The govt gets to look serious about regulation and the uncertainty it creates forces Bernanke to keep interest rates low. Some say the fear and volatility caused by stuff like the Goldman suit and the regulatory saber rattling ultimately damage the market. I say the market sees through it and prices that stuff in at a value far below that of a continued low interest rate environment. The rest of Wall Street gets a free ride on Goldman for a while (and oddly, when you bank the value of the continued low rates against the cost of this suit to Goldman, even they probably come out ahead).
Win/win.
