wrote:
On Thu, 31 Jan 2008 07:44:45 -0500, HK wrote:

There was a recent foreclosure court case in Ohio, I believe, that was
dismissed because the bond/fund holders suing for foreclosure couldn't
prove that they owned the mortgages.

I read about that one, it was worth a giggle. There's little question
the mortgage business needs to be regulated as it once was.

I think that once that story gets around that part of the mortgage
problem will self regulate. Fund investors will demand more
accountability about where their money is going.


Self regulation is the "Bush" approach, and either results in no
regulation at all or incompetent regulation. Chinese toys, anyone? Or
how about prescription drugs that are manufactured in China and sold
here, without factory inspections? How about the lack of inspection of
food? Self-regulation is little more than PR.

"HK" wrote in message
...
wrote:
On Thu, 31 Jan 2008 07:44:45 -0500, HK wrote:

There was a recent foreclosure court case in Ohio, I believe, that was
dismissed because the bond/fund holders suing for foreclosure couldn't
prove that they owned the mortgages.

I read about that one, it was worth a giggle. There's little question
the mortgage business needs to be regulated as it once was.

I think that once that story gets around that part of the mortgage
problem will self regulate. Fund investors will demand more
accountability about where their money is going.


Self regulation is the "Bush" approach, and either results in no
regulation at all or incompetent regulation. Chinese toys, anyone? Or how
about prescription drugs that are manufactured in China and sold here,
without factory inspections? How about the lack of inspection of food?
Self-regulation is little more than PR.


And then there's stuff like this:
http://www.nytimes.com/2008/01/15/us...html?th&emc=th

How coal companies are regulated, ya know? It's beyond me why citizens of WV
didn't tie that judge to a tree in bear country and cover him with peanut
butter.

JoeSpareBedroom wrote:
"HK" wrote in message
...
wrote:
On Thu, 31 Jan 2008 07:44:45 -0500, HK wrote:

There was a recent foreclosure court case in Ohio, I believe, that was
dismissed because the bond/fund holders suing for foreclosure couldn't
prove that they owned the mortgages.
I read about that one, it was worth a giggle. There's little question
the mortgage business needs to be regulated as it once was.
I think that once that story gets around that part of the mortgage
problem will self regulate. Fund investors will demand more
accountability about where their money is going.

Self regulation is the "Bush" approach, and either results in no
regulation at all or incompetent regulation. Chinese toys, anyone? Or how
about prescription drugs that are manufactured in China and sold here,
without factory inspections? How about the lack of inspection of food?
Self-regulation is little more than PR.


And then there's stuff like this:
http://www.nytimes.com/2008/01/15/us...html?th&emc=th

How coal companies are regulated, ya know? It's beyond me why citizens of WV
didn't tie that judge to a tree in bear country and cover him with peanut
butter.




Hey! This is Romneyville..Foch the Workers!

JoeSpareBedroom wrote:
"HK" wrote in message
...
wrote:
On Thu, 31 Jan 2008 07:44:45 -0500, HK wrote:

There was a recent foreclosure court case in Ohio, I believe, that was
dismissed because the bond/fund holders suing for foreclosure couldn't
prove that they owned the mortgages.
I read about that one, it was worth a giggle. There's little question
the mortgage business needs to be regulated as it once was.
I think that once that story gets around that part of the mortgage
problem will self regulate. Fund investors will demand more
accountability about where their money is going.

Self regulation is the "Bush" approach, and either results in no
regulation at all or incompetent regulation. Chinese toys, anyone? Or how
about prescription drugs that are manufactured in China and sold here,
without factory inspections? How about the lack of inspection of food?
Self-regulation is little more than PR.


And then there's stuff like this:
http://www.nytimes.com/2008/01/15/us...html?th&emc=th

How coal companies are regulated, ya know? It's beyond me why citizens of WV
didn't tie that judge to a tree in bear country and cover him with peanut
butter.




And speaking of lack of regulations:

Tainted Drugs Tied to Maker of Abortion Pill

By JAKE HOOKER and WALT BOGDANICH

BEIJING [China] -- A huge state-owned Chinese pharmaceutical company
that exports to dozens of countries, including the United States, is
at the center of a nationwide drug scandal after nearly 200 Chinese
cancer patients were paralyzed or otherwise harmed last summer by
contaminated leukemia drugs.

Chinese drug regulators have accused the manufacturer of the tainted
drugs of a cover-up and have closed the factory that produced them. In
December, China's Food and Drug Administration said that the Shanghai
police had begun a criminal investigation and that two officials,
including the head of the plant, had been detained.

The drug maker, Shanghai Hualian, is the sole supplier to the United
States of the abortion pill, mifepristone, known as RU-486. It is made
at a factory different from the one that produced the tainted cancer
drugs, about an hour's drive away.

The United States Food and Drug Administration declined to answer
questions about Shanghai Hualian, because of security concerns
stemming from the sometimes violent opposition to abortion. But in a
statement, the agency said the RU-486 plant had passed an F.D.A.
inspection in May. "F.D.A. is not aware of any evidence to suggest the
issue that occurred at the leukemia drug facility is linked in any way
with the facility that manufactures the mifepristone," the statement
said.

....

http://www.nytimes.com/2008/01/31/wo...html?ref=world






--
George W. Bush - Worst President Ever, to the very last minute of the
very last day of his term.

wrote:
On Thu, 31 Jan 2008 11:40:20 -0500, HK wrote:

I think that once that story gets around that part of the mortgage
problem will self regulate. Fund investors will demand more
accountability about where their money is going.

Self regulation is the "Bush" approach, and either results in no
regulation at all or incompetent regulation. Chinese toys, anyone? Or
how about prescription drugs that are manufactured in China and sold
here, without factory inspections? How about the lack of inspection of
food? Self-regulation is little more than PR.

Regulation only makes the crooks look for loopholes in the process. By
the time you plug all the loopholes the regulation becomes a drag on
the process and innovation stops.
At a certain point we have to understand life is tough, wear a cup.
The government can't protect you from a dedicated thief.


Yeah, let's just unregulate everything. That's the ticket.