The Herald of Everett, Washington
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up | Manage  Green editions icon Green editions


HeraldNet Headlines
HeraldNet Newsletter Delivered to your inbox each week.
Published: Wednesday, October 3, 2012, 12:01 a.m.

Koster practices financial sanity

Regarding Tuesday's "Q&A with John Koster and Suzan DelBene": It's stunning and illogical that Ms. DelBene sees even more regulatory quicksand, creation of even greater uncertainty, as the one bill she would submit for signature. According to SEC Commissioner Casey on Jan. 23, 2011, "In terms of its breadth and scope, Dodd-Frank [financial reform] is arguably the most significant financial legislation in modern history. The legislation ushers in a breathtaking amount of changes that will result in a tectonic shift in the legal, regulatory and policy landscape affecting our markets and our economy in a relatively short period of time."
As for Glass-Steagall, even President Clinton has argued that permitting securities affiliation helped during the financial crisis by allowing troubled securities firms to be transferred or acquired. Finally, where in Ms DelBene's one submission is resolution for the true economy "crasher," the core cause of the financial meltdown, the GSEs Frannie and Freddie? Caretaker/defender of which is the same Barney Frank who led the ushering in of the "breathtaking" new quagmire of financial regulations Ms. DelBene would shockingly expand. John Koster very clearly has the financial sanity of our nation in mind, and can best protect the interests of the people of Washington state.
Cathy Ward
digital subscription promo

Subscribe now

Unlimited digital access starting at 99 cents, or included with any print subscription.


Herald Editorial Board

Jon Bauer, Opinion Editor:

Carol MacPherson, Editorial Writer:

Neal Pattison, Executive Editor:

Josh O'Connor, Publisher:

Have your say

Feel strongly about something? Share it with the community by writing a letter to the editor. Send letters by e-mail to, by fax to 425-339-3458 or mail to The Herald - Letters, P.O. Box 930, Everett, WA 98206. Include your name, address and daytime phone number. (We'll only publish your name and hometown.) We reserve the right to edit letters, but if you keep yours to 250 words or less, we won’t ask you to shorten it. If your letter is published, please wait 30 days before submitting another. Have a question about letters? Contact Carol MacPherson at or 425-339-3472.