Reply #37: Regulation certainly has to be a component in the economic recovery

[zulchzulu]

This plan to attempt to jump start the banking industry also has to be part of a greater plan that deals with regulation and not letting banks "work on their next scheme".

They will try. Next time, they will be stopped.

As for the shrinking middle class, one way is for entrepreneurs who need investment to start the Green Energy Revolution. That includes allowing new smart grids, transmission lines and putting a reality check on NIMBYs. There are actually investors who want to build wind farms who have been stopped by people who don't want transmission lines. These people assume wind power just somehow appears in an electric circuit magically.

The same people in the middle class need to assume that banks need an incentive to start ramping up. The private marketplace needs to be allowed to invest and that money invested in the plan for toxic assets helps fund the treasury.

Regulation better be part of the next phase of economic plans.