WEDNESDAY JULY 7, 2010

Premature Legislation

The House and Senate have completed the reconciliation of the Financial Reform bill, now ironically known as the Dodd-Frank Bill.  The vote in each house of the legislature is due shortly.  Meanwhile, the Financial Crisis Inquiry Commission, created by President Obama to unearth the root causes of the economic crisis, is continuing to investigate and is slated to complete its work in October.

Call me crazy, but shouldn't the 2400 page Fin Reg bill incorporate the findings of the Financial Crisis Inquiry Commission?  I guess the politicians already know the answer to what caused the crisis!

POSTED AT 1899-12-30 10:59:00.0

KEN ENTENMANN, CFA
SENIOR VICE PRESIDENT AND
THE DIRECTOR OF INVESTMENT MANAGEMENT SERVICES

Ken is a Senior Vice President and the Director of the Trust and Investment Services at Alliance Bank, N.A. He has 23 years of investment experience and oversees the management of assets totaling $1 billion. He holds a B.S. in Applied Economics and Business Management from Cornell University and an M.B.A. from the William E. Simon Graduate School of Business Administration at the University of Rochester. He has also earned his Chartered Financial Analyst designation. He is a member of the Executive Committee of the Trust Division of the New York Banker's Association. He is also a director of the Central New York Community Foundation.

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