The Mudcat Café TM
Thread #115883   Message #2949404
Posted By: akenaton
21-Jul-10 - 06:44 PM
Thread Name: BS: Popular Views: the Obama Administration
Subject: RE: BS: Popular Views: the Obama Administration
Oh great!.....if we keep makin' progress like this, they'll soon be able to pull the old money trick again!

No obstructions allowed in the game of "rob the poor"

"The legislation establishes an array of new rules that will allow the government to play a stronger watchdog role over financial markets and the practices of individual banks, and gives it greater power to intervene when a bank is on the verge of collapse."

Dont you realise that capitalist govt and the financial institutions are joined at the hip?
The last thing any of them want is meaningful regulation.
The financiers want profit, and the govt wants growth
Regulation gives neither.....this is a capitalist economy, at the end of the day, all that matters is short term thinking and £$£$£$£$.