Wednesday, January 11, 2012

Should the US Congress adopt financial reform legislation?

I am personally in favor of it. Capitalism is wonderful, but requires legislation. Regulation limits risk and sustains consistent economic growth. What do you think?Should the US Congress adopt financial reform legislation?
The best way to protect American families who take out a mortgage or a car loan or who save to put their kids through college is through an independent, accountable agency that can set and enforce clear rules of the road across the financial marketplace. clear lesson of this crisis is that any strategy that relies on market discipline to compensate for weak regulation and then leaves it to the government to clean up the mess is a strategy for disaster. The United States is a 'private-sector society' that depends on capitalism for wealth creation, but affirming also that the government has a proper role in 'setting the rules.'Should the US Congress adopt financial reform legislation?
no.

captialism is a self healing system if we leave it alone.

trying to always "fix it" is where the problem lies.

the depression of 1920 is all but forgotten because no one tried to fix anything and it was over in 8 months. where as the 'great depression' lasted until ww2 because of all the 'reforms' put into aciton...Should the US Congress adopt financial reform legislation?
I think you should listen to Glenn Beck daily,in two weeks you will have an MBA in political science.congress and financial reform is like hoping a crack whore will give up her drug habit.
HELL NO, let America corrupt and drunk like me
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