Lampert: We Are Going in the Wrong Direction with Regulation
Famed dealmaker Eddie Lampert is no fan of the regulation occurring currently in the United States. He believes the rest of the word, especially China, are doing great with less and less regulation, so he sees more things going right because of the lack of regulation, rather than due to it.
"I am not a big fan of healthcare. If you look at what is coming on with the Healthcare, it is hard to make sense for a company what it means, what the rules will be. That uncertainly, one way or another, wil be helpful in making things move forward." Lampert said in a round table discussion with other noted Wall Street luminaries on CNBC's Squawk on the Box.
Lampert also sees the apetite for risk returning to the market. "If there is one thing low interest rates are doing is making people look at putting their money to work, and not just worry about the return of their money. Pension funds have money to work with and a lot of need to make returns."
"I think the debt worries of 2008 and 2009 have been alleviated with a lot of refinancing. A lot of companies have been reliquified, or at least put in a position where they could make invesmtnents again." said Lampert.
Lampert is founder of ESL Partners. He owns the majority of Sears Holdings (NYSE: SHLD)
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