Financial Regulation

The Obama administration is trying to gain authority to regulate or take over any non-bank financial institution which gets into trouble. Can you imagine that the American system is so screwed up that they can spend many billions on a financial company but they don’t have the authority to regulate it?

But they have got it turned around. They want to wait until a company is already in trouble before they begin regulating it? This is lunacy. All these financial institutions and transactions need to be properly regulated in order that they do not get into trouble in the first place.

Barack has surrounded himself with Clinton re-treads, many of whom are just one little baby step away from being Republicans. It is clearly showing in their policy proposals.

Please do make sure that you close the barn door before the animals escape, not always wait until afterwards. OK?
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