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Reply #96: That's not accurate. [View All]

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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-23-11 12:35 PM
Response to Reply #93
96. That's not accurate.
Edited on Sun Jan-23-11 12:38 PM by girl gone mad
He wants to end the Fed because he believes they are working against the people's interests. Clearly he supports some regulation if he wants to put control of our currency back into the hands of the government.

Maybe he has somewhat of a point about the regulatory agencies, since they were largely captured before the crisis in 2008. They were warned over and over about Madoff. They've done nothing to reign in our bubbles and the widespread control fraud. They go after small fish like Martha Stewart and now the insider trading distraction. They seem to be another facet of the revolving door between big business and big government, with ill-qualified regulators later taking high paying jobs at the institutions they are supposed to be overseeing.

Without the bailouts, Goldman Sachs would have gone out of business. That one failure would have been worth the weight of one million regulators. Instead we propped them up, and now they are back to the same old games and no one is stopping them.
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