Quote:
|
Originally Posted by plainolebill
From Jesse's Café Américain, read the whole article here:
Link
...crony capitalism is one of the reasons why the financial system collapsed, and why the markets are still so dangerously unstable, despite the determined efforts to disguise it with liquidity and lax regulation. The responsibility for this goes back to the Clinton and Bush Administrations at least.
Obama was elected with a mandate to reform, but instead packed his Administration with Wall Street figures. He has one of the worst records for pursuing financial frauds in the last twenty years.
It is time to stop apologizing for and tolerating the soft corruption that has characterized the Obama Administration's policy on the financial sector since day one. The price of giving him a pass on this failure to do his job and making excuses for him is too high. The excuse that Romney will be worse is not acceptable. |
I agree Obama has not gone far enough. But Romney has publicly stated that he would repeal the few reforms that Obama has put in. Does anybody actually believe that Romney would put into place the reforms needed to prevent another melt down like what happened in 2008? The Volcker rule while not prefect at least will rein some the abuses that take place when it goes into effect later this year. Romney oppose even it.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
|
