Yes, and criminals should arrest and prosecute themselves.

This is as clear of a sign as anything that Pawlenty is running in 2016. He has the credentials (to the GOP) from his time as governor, now he's going to shore-up the financial sector support by crusading for them and padding his Rolodex....and coffers.

My words. Mark them.

Also, if the laws aren't needed, because banks will just do it anyway, why do the banks want those laws removed?

From the same crowd that thinks welfare recipients should be subjected to drug tests, background checks, immigration checks, job search checks... How come human welfare recipients shouldn't be allowed to regulate themselves like corporate welfare recipients?

vpb: Yes, and criminals should arrest and prosecute themselves.

Citizens should be trusted to pay the taxes they owe. The IRS is completely unnecessary and onerous oversight.

Tim who? I've met bowls of oatmeal with more personality.

propasaurus: I think we have to count on the banking industry to self regulate. They're in the best position to know what their problems are. But it has to be done in concert with government regulations.
Which is why we should repeal Dodd-Frank.

Weeeeeeelllll....OK

But only if we reinstate Glass-Stegal instead.

"But the obligation and the opportunity of the organizations is to put controls in place and a culture in place that minimizes the likelihood of that, but does it voluntarily."

Why, T'Pau? Why should it be voluntary? My underwriting your evil-minded shiat isn't voluntary. My participation in the system that feeds these pieces of trash until the bankers themselves start to look like human balloons made entirely of stolen money isn't voluntary. Why should it be "voluntary"?

Because here's what I get when I think "voluntary". I think fark your system, I refuse to cooperate. I "volunteer" to expropriate everything that's been stolen. I "volunteer" to start building scaffolds and guillotines. How's that for voluntary?

You want your capitalist gravy train? You'd better farking hope the regulators reign this shiat in before even more people start contemplating what they could "volunteer" to do.

Well, banks SHOULD regulate themselves. But there's not a chance in hell that they actually would if you let that be the only check on their behavior.

Yeah, that worked out so well in 1928 and '29.

Pawlenty...expects the banking industry to self-regulate,ostensibly having learned from their mistakes?

................

"Bank lobbyist". I have to take a sonic shower just after reading those words.

Calmamity: vpb: Yes, and criminals should arrest and prosecute themselves.

Citizens should be trusted to pay the taxes they owe. The IRS is completely unnecessary and onerous oversight.

I like this game. With Romney's "self-deportation" plan we can also get rid of ICE.

Think of the savings!

"Stop doing stupid things."

Ball is in your court, Tim.

In his first press conference since being named head of the Financial Services Roundtable, former Minnesota Gov. Tim Pawlenty said he would seek a "refinement" of the Dodd-Frank Act, but also added that banks need to do more to regulate themselves.

This coupled with

Of course, the anticipation that banks would self-regulate - rendering federal regulations unnecessary - was part of what caused the financial crisis in 2008. Romney has pledged to repeal the Dodd-Frank law.

this has me doubting they'll do it without being forced to. Sorry Timmeh.