Financial regulations will always fail.

Financial regulations will always fail because they are based on wrong premises. Lawmakers assume that regulating banks, financial markets, financial institutions is the same as criminal law. That is to say, civil law, white collar crimes are the same as criminal crimes.
Wrong.
Criminal law is about crimes that have been committed from the beginning of time. Murder, rape, assault, torture, etc., people have been doing to each other forever. When things go wrong in the financial markets it is always something new, like the collapse of the mortgage based derivative bond markets that caused the recent financial collapse.
Lawmakers are like generals who are hung up on fighting the last war. They make regulation and laws to prevent yesterday's financial crime, but the new or next crime is the one that will cause all the trouble.
Instead of making backwards looking laws and institutions, what lawmakers should to is create a forward looking one that looks at new products and services to see if they are real and sound economically.

Obama is Sophisticated

     The ancient Greek sophists settled all  matters my a majority vote among themselves. For example, if the majority voted that the world was flat, then the world was flat, and that was reality.
     President Obama is sophisticated and follows this line of reasoning. If the majority of his friends and associates believe in cap and trade, then cap and trade is real and a necessity. If the majority of his associates believe in socialized medicine then it is real and a necessity.
     The problem is simple, his associates are, Reverend Wright, Bill Ayers, avowed communists, tax cheaters, union leaders, etc. You know the list. When they form a consensus of opinion, that is it, that is reality for them, no matter what the facts are. Their group of sophists has decided what reality is, and that is it.

Obama

Barack Obama is a weird combination of politburo and fascism. Politburo
because as in the Soviet Union he thinks government bureaucrats,
especially, a group or committee of them can make the best decisions
and fascist because he believes in private ownership but government
telling businesses what to do.

A thought about beating yourelf up.

I continue to struggle with the "Morass of Residuals" that Dr.
Gore identified as the source of my negative introjects that dominate
my life and create roadblocks to my success in leading the life that I
want to lead. The above was a lot of technical stuff for simply saying
"don't beat yourself up." As the book, Peace of Mind says, you won't achieve peace of mind until you forgive yourself and stop beating yourself up.

Cap and Trade

The cap and trade bill just passed by the House is stupid. It won't work and it will kill the economy by raising the cost of energy for everyone. It is real a huge tax increase that will give the government lots of additional revenue to spend, even if it does put us back into recession, and that is all Obama and the Democrats care about is having more money to spend.

Reveal Character

     So I guess that you reveal who you are by what you write. I made my first political post; to my Facebook wall and, of course, since most of my friends are liberals, one of them posted a comment disagreeing with me.
     How does this reveal character? I’m too old and tired to try to reason with a liberal. They have their point of view and that’s that. Whatever you say, they will come back with some nonsense.
    We just have completely different points of view and that is it. So no discussion or maybe very little discussion of politics, from now on I will continue to state my beliefs and, maybe, reply to people who disagree with me.

Reveal Character

     So I guess that you reveal who you are by what you write. I made my first political post; to my Facebook wall and, of course, since most of my friends are liberals, one of them posted a comment disagreeing with me.
     How does this reveal character? I’m too old and tired to try to reason with a liberal. They have their point of view and that’s that. Whatever you say, they will come back with some nonsense.
    We just have completely different points of view and that is it. So no discussion or maybe very little discussion of politics, from now on I will continue to state my beliefs and, maybe, reply to people who disagree with me.