I agree with you Buddyboy. No doubt the treasury will get lots of feedback and the final regs will look different. The point however is that the treasury and attorney's office had 270 days to come up with concrete regulations for the banks, which is all the banks asked for. Instead they penned a bunch of ideas and told the banks that its up to them to figure out if and how those ideas can be implemented. It's like Russ asking me to write an article on a subject and I come back to him with a list of ideas and on what can be written supported by common knowledge info and then telling Russ to write the article himself but to give me the credit. |