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In the year 2010, even a child should understand that unregulated financial sectors will only ever implode themselves, sending shock waves through the economy and costing huge amounts of money to repair. How many times in human history does this have to happen for the usual suspects to stop trying to advocate against regulations?
The lure of money makes people do irresponsible things. When these things have the potential to ruin everyone, they should definitely be controlled.
It's not just Boehner and it's not just the Republicans and it's not just the United States.
Read the news..every country around the world are bailing out their banks.
here we go again....and now all the radical right who voted Repub. and want their guns and cant afford to put food on the table bcs of Wall St bailouts and corruption will continue to blame Obama.....it neverends.....its like someone said, at this point they vote in these raving sociopaths, then the little people get what they deserve.....
Yes the lure of money led the top tier at Goldman Sachs to risky things with other peoples investments.....and ...what have they been controlled with or reigned in by [no federal law applies] ?
Nothing since the Fed answers to no one prints more money and bails them out again while more middle class Americans lose their homes..... This will continue until federal laws regulate the investment banks. Until then, fasten your seatbelts. And sell-outs like Boehner tow the party line, no surprise there.
Yes the lure of money led the top tier at Goldman Sachs to risky things with other peoples investments.....and ...what have they been controlled with or reigned in by [no federal law applies] ?
Nothing since the Fed answers to no one prints more money and bails them out again while more middle class Americans lose their homes..... This will continue until federal laws regulate the investment banks. Until then, fasten your seatbelts. And sell-outs like Boehner tow the party line, no surprise there.
Glass-Steagall controlled them. Glass-Steagall separated investment banks from commercial banks. Glass-Steagall built a wall to separate money on Wall Street from money on Main Street.
The repeal of Glass-Steagall tore down that wall. It only took time to dream up the types of investements that they did (CDS, CDO, etc) and create a market for them. Like an addictive gambler they kept raising the stakes and the rewards and loosening the rules. Greed finally did them in and taxpayers and citizens all over the world are paying the price.
here we go again....and now all the radical right who voted Repub. and want their guns and cant afford to put food on the table bcs of Wall St bailouts and corruption will continue to blame Obama.....it neverends.....its like someone said, at this point they vote in these raving sociopaths, then the little people get what they deserve.....
Look at what Florida just elected to govern them...
It’s no secret that Scott intends to run the State like a business. He said as much during his campaign. However, the extent to those intentions becomes eerily clear after reading his prepared speech. I had to read it twice just to make sure I actually read it correctly, and I still came away thinking “whaa….??”
Before I explain why, I first want to address another alarming tactic Rick Scott practices: Secrecy. First there’s that whole Medicare fraud problem. While Scott was never charged with Medicare fraud, his former company Columbia/HCA is the record holder of Medicare fraud fines, to the tune of $1.7 billion, and Scott was at the helm when it occurred. However,
Scott’s bio has kindly been “edited” on his new transition website. There’s no mention of the Columbia/HCA Medicare fraud. That history has been re-written: ”when Rick Scott left Columbia/HCA in 1997 “it was one of the most admired companies in America.” (Well, sure if you admire fraud, or you’re writing a textbook on business ethics.) Also, during that investigation Scott took the fifth 75 times. Beach Peanuts
Florida? The state known for its elderly population? People that rely on Medicare electing this guy? Medicare is threatened and this is who they deemed worthy of being in charge?
Yes, they rely on ignorance and stupidity as the most powerful campaign contribution.
I guess Boehner thinks it's just fine for those little punk bankers to take advantage of me.
No one held a gun to your head.
If they lied to you then that would be fraud.
Why were the first regulations to the stock market made?
Because a lot of greedy Progressives, wanted and saw the big $dollar$ signs.
They heard all the "you can make big $money$" they could get and turned a deaf ear or just plain forgot all about the risk of losing it all.
To protect people from their greedy "quick buck, with no consequences" selves!!
Look at what Florida just elected to govern them...
It’s no secret that Scott intends to run the State like a business. He said as much during his campaign. However, the extent to those intentions becomes eerily clear after reading his prepared speech. I had to read it twice just to make sure I actually read it correctly, and I still came away thinking “whaa….??”
Before I explain why, I first want to address another alarming tactic Rick Scott practices: Secrecy. First there’s that whole Medicare fraud problem. While Scott was never charged with Medicare fraud, his former company Columbia/HCA is the record holder of Medicare fraud fines, to the tune of $1.7 billion, and Scott was at the helm when it occurred. However,
Scott’s bio has kindly been “edited” on his new transition website. There’s no mention of the Columbia/HCA Medicare fraud. That history has been re-written: ”when Rick Scott left Columbia/HCA in 1997 “it was one of the most admired companies in America.” (Well, sure if you admire fraud, or you’re writing a textbook on business ethics.) Also, during that investigation Scott took the fifth 75 times. Beach Peanuts
Florida? The state known for its elderly population? People that rely on Medicare electing this guy? Medicare is threatened and this is who they deemed worthy of being in charge?
Yes, they rely on ignorance and stupidity as the most powerful campaign contribution.
If he personally did something wrong and criminal, why is he a free man and now Governor elect?
Have you convicted someone, without all the facts that a Judge saw no wrong doing with, with a toxic subject as that, to make an example out of him for?
You make it sound like he owned the company, not just an employee, following directions.
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