Apr 01
I am quite confident that the industry’s skepticism of the Blueprint comes down to the notion that: the building is on fire…and Paulson is focused on the finer points of the master safety plan. In addition, why get all up in arms scouring the minutiae of the 218 page Blueprint, when it requires legislative action that will most certainly not get done prior to the end of Bush’s presidency? The document focuses on re-engineering the federal banking regulatory landscape. It pares down some of the antiquated, leverages inefficiencies…blah blah blah. But the fact is… it is a lame duck proposal sitting in a shooting range of issues.
If you haven’t read about the proposal, there are some good articles here, here and here.
