What do the bankers and insurance companies owe to Obama? Explain how the big banks and insurance companies get to take money out of my wallet. You are making some wild accusations, but you are not backing them up with a well crafted argument.
I concur that Obama does not care about the people. He is trying to grab power for the federal government.
Most Republicans are in the business cult and cannot fathom that eeevil “regulations”, especially for banks that have a license to invent money, might be the prudent thing to do.
Please explain how more regulations might be the prudent thing to do? If we had less regulations, then there would be no such thing as "too big to fail" and the market would punish poor decision makers.
I’m just getting started trying to understand it, but I read that the Treasury department can just seize any institution, any time it wants to? That means the institutions that manage 401Ks, I fear.
Well, I’ll give it a try
“If we had less regulations, then there would be no such thing as “too big to fail””
That’s plain wrong. “Less” regulations created the so-called “to big to fail.”
“and the market would punish poor decision makers.”
“The market” what’s that, a moral entity?
“would punish” How does the market “punish”
“poor decision makers” No, it rewards “poor decision makers” with huge salaries and bonuses. More risk, more reward, and get out when the getting is good. That is rational economic decisions, the product of the “free market” that has no mystical moral restriction by moral actors acting in “self regulation.” That’s Greenspanian delusionalism.