Want a solution to Wall Street? Return to free market principles
January 27, 2013 at 10:35 am
by Dustin Siggins
Over at the Washington Post Wonk Blog, Suzy Khimm discusses how the next four years may look like regarding reformation of Wall Street’s machinations:
Four years ago, President Obama was sworn in as a financial crisis was still engulfing the markets and the economy. Now he can point to a Wall Street overhaul that he helped push through Congress, intended to prevent such a meltdown from happening again. But to a large extent, the real impact of those financial reforms will depend on what happens over the next four years.
The Dodd-Frank Wall Street Reform Act passed in the summer of 2010, but more than half of the new rules have yet to take effect. The law created a blueprint for the most sweeping rules, which the Treasury Department, Federal Reserve and individual agencies still have to write.
https://www.teapartypatriots.org/2013/01/want-a-solution-to-wall-street-return-to-free-market-principles/
When wall street and hypocrite bankers call for free enterprise then you should also be allowed to fail without government help.
I personally think Wall Street should be regulated by wise, omnipotent, Unicorns that shit rainbows of financial prudence and competent risk evaluation.
Hey, at least it’s more realistic than letting banks do whatever they want in a “free (for all) market”.
yes Rob we all know what a great job the government has been doing lol
amazingly uninformed comments , there have not been ‘free markets” in financial services since before Calvin Coolidge .
Financial services is and has been the most heavily regulated industries , this was way before the government usurped the markets and ran the whole thing into the ground .
you should learn to read before you comment , perhaps if you better educated idiots like dud and frank would be in jail , not congress
Free markets are too scary. Please protect me, government. Also, thank you for requiring hair dryers to have labels reminding me not to use them in the bathtub. I just don’t know what I would do without the government watching out for me.
Free market plus real penalties (long prison sentences for individuals and stiff monetary penalties for individuals and companies).