Wall Street crisis is culmination of 28 years of deregulation »
Posted By german-shepard 1 year, 3 months ago in Business & FinanceWASHINGTON — No one cog in the federal government' s machine of financial regulation let down the country by failing to prevent the latest shakeout on Wall Street. The entire system did.
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german-shepard
Born in a time long, long ago when the air was still clean and my thoughts as well. The two party system was still the ...
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Jeboba1 year ago
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Reagan started it all when he fired Paul Volker who believed financial industries should be regulated. Reagan deregulated everything in site so his rich Republican buddies could feed at the public trough and rip off the average American for every dime they could squeeze out of us. It worked. We now are the victims of the greed and avarice of CEO's and the financial markets. The fat cats, which tend to be primarily Republicans, have taken us down a road that we are going to have great difficulty getting off of!
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It's time to reverse course! Re-regulation MUST be the order of the day!
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