Wayne Stollings wrote:
Ah, I see. So that is something that you all just have a general apathy towards. Sorry to bother you and I'll not be posting any further posts of this sort.
No, just waiting to see how the needed regulation of the industry would be supported by those who claim goivernment screws up business and should let business do what it does best ... make money.http://www.dailymail.co.uk/news/article ... z20W4Eh6xx'So long as big finance will do almost anything to goose its own profits and bonuses, 'self-regulation' is a dangerous myth.
'It should give way to sound law enforcement, which in economic terms is government regulation.'
Well hey there Wayne! How ya doin'? Thanks a bunch for correcting my error posting the link to that article. I always forget to proof look at by posts and links!
Hey, here's a really nice youtube video that is relevant to your reply. And to introduce you to the main speaker in this video, he is William Black, who Bill Moyers had to say about him;
According to Bill Moyers, http://www.youtube.com/watch?v=hHcMKxp30gs
"The former Director of the Institute for Fraud Prevention now teaches Economics and Law at the University of Missouri, Kansas City. During the savings and loan crisis, it was Black who accused then-house speaker Jim Wright and five US Senators, including John Glenn and John McCain, of doing favors for the S&L's in exchange for contributions and other perks. The senators got off with a slap on the wrist, but so enraged was one of those bankers, Charles Keating — after whom the senate's so-called "Keating Five" were named — he sent a memo that read, in part, 'get Black — kill him dead.' Metaphorically, of course. Of course."
So, do you think going we're still in a recovery? Just curious.