RE: Bush Wants The Federal Reserve To Regulate Financial Industry
Aught Six, I am thinking that it is an interesting topic but I am not an economist. Being a republican type, I am not overwhelmingly keen on new regulation. However, there are a crapload of home buyers falling out of home ownership and the economic ripples are happening.... so some changes will be coming.
Ok, let us get a financial genius up on this!!
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Mess Chief, Ft Arroyo
"Tucson sweet. Best chili in the Saguaro."
RE: Bush Wants The Federal Reserve To Regulate Financial Industry
I'm not for regulation either. However, when the Federal Government steps in and doesn't allow the bottom to be found by putting the tax payers at risk, regulation is what you get.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
RE: Bush Wants The Federal Reserve To Regulate Financial Industry
Another comment on this stricter control. One must question the ability for our Government to look after this industry.Freddie Mac and Fannie Mae used to be government institutions but are now private backed by our government. You the tax payer is on the hook if they fail. Take a look at the following link and see what your on the hook for.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Bush Wants The Federal Reserve To Regulate Financial Industry
