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There have been no significant changes to the federal rules governing their behavior. Proposals that have been made to better monitor the financial system and to police the products banks sell to consumers have been held up by lobbyists, lawmakers and turf-protecting regulators.
The bail out was a farce and we were lied to when we were told the banks would stop lending money.I saw the FR charts at that time and of course lending was down but it was not way down.As common sense would tell us that would be the case and the only thing banks did was tightnen up on restritions on lending.
Name me a bank that does not want to lend and earn your interest?
The only way to stop the banks and their wreckless behaviour is to never ever bail them out.If you went to Vegas and I kept giving you money to cover your loses would you stop gambling?As long as the tax payer or the printing press is there they will never stop,and how has any of us benifited from the bail out?
We would be in the same shape now with out the bail outs,the only sector that is doing better is the stock market which is being propped up by some of the bail out money.There is still foreclosures on the rise,small banks taken over by the FDIC,unemployment still rising,and consumer spending down.
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