Mr Cooper Group Inc (COOP)

[chivalri]

I agree with some of what you say.

They had regulations that helped get us into the spot we are in today and we have limited oversight. Looking at the mortgages, it was regulation that effectively forced the hands of banks to provide loans that should not have been provided. We had oversight but back in 2004 when that oversight tried to pull back on the reigns, Congress accused the regulator (our oversight) of being political and attempting to lynch Raynes.

I agree that the Toxic Swaps made the situation much worse than it should have been. It was regulation that actually removed the capability of oversight on these swaps. This was a very bad decision indeed.

I agree that Wamu was sacrificed on the alter of greed.

I completely agree that there should be no shorting of financial and think this should also include some basic utility sectors as well.

I completely agree that we should return to the uptick rule and clamp down on naked shorting.

I completely agree that Banks (and any other company that gets excluded from potential shorting) should have open financial statements and have independent auditing.

I completely agree that we should not now nor ever provide credit as easily as we have been doing so.

I agree that we should get Health care costs under control but do not think that the government should be involved in providing universal health care.

If we can get work out of prison populations, I am all for it.

I completely disagree about getting more people on welfare. I think we have far too many people already holding their hand out for the government to put something in it. We do need to get more people to work but I think that should be through the private sector not through government organization and control.

I believe the government lacks the efficiency to be effective in providing welfare on a federal level.