On Sat, 2011-08-06 at 13:47 +0000, bsyates9999 wrote:
Yes, deregulation of the banks. We got a few bones thrown our way like you mentioned, but nothing has been put in place to limit the kind of abuses that created the 2008 market crash. They can still sell credit default swaps and they are still packaging mortgages as investments. The new consumer protection agency has already been neutered by ousting Elizabeth Warren and replacing her with an industry patsy.
I agree that the banks need to be regulated, but it's not going to happen when the banking industry can just purchase the laws they want.
In order to prevent the stock crash you would have to repeal Jimmy Carters unqualified minority democrat home loan program. But that would mean that Jessie Mr Shakedown Jackson would be protesting and calling them racist.
CWSIV
__._,_.___
.
__,_._,___
No comments:
Post a Comment