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Originally Posted by Tom Kirkham
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The problem that I see throughout this well written article is that the GREED was made legal by vote hungry politicians of both parties. Wall Street did not break any laws. They used the relaxed laws to massive advantage for sure. But who would not. You come across a bag of a billion dollars laying in the street and politicians have just made it LEGAL for you to pick it up and keep it, you're going too walk on by?
Now we expect, hope? dream, that these same short sighted politicians that are in a chronic vote feeding frenzy are going to fix the problem.
The ONLY thing we will see out of DC is another 4000 pages of gobbledygook that no one can fully understand [even the composers thereof] that would result in the Federal takeover of the financial industry just like the health care bill. Which simultaneously attempts to take over BOTH the medical CARE industry AND the insurance industry.
In the financial industry, we have the old laws that worked and worked for years. But they did not allow for potential voters to buy property that they could not afford and wouldn't pay for. The simple thing? Re-pass the old laws. But that will never even be considered, VOTES would be lost!