TR was correct about big business. If you do not keep an eye on them they will corrupt officials and cheat the people. Look what happen in Wall Street. Selling mortgage backed securities to investors as AAA investments and at the same time betting against them with options (indicating they knew the MBS were financially unsound). Then go overseas and help the Greek government hide their deficit spending. Do you know how many pro US former East European bloc nations are financially underminded by Wall Street who sold them shaky mortgage backed securities to their banks and pension funds??!!!! Russia loves it, and the former Communist opposition parties chumping at the bit for an election loves it also.
Your rant against wall street is amusing. You left out the part about how those banksters would have had to have faced the downside of their bad decisions had it not been for government protecting them with money stolen from the people.
The banksters own Congress. If the federal government were following the US Constituion, there would be no bailouts, no SEC, no Federal Reserve, no fiat currency, no FDIC (which has been insolvent for years), no federal regulations on banking.
Banks that did risky things would be punished through failure and possibly fraud prosecution in their state if there was fraud involved.
The Federal Reserve and the fiat currency and the fractional reserve banking allow all these financial games to happen.
The federal government is unconstitutionally meddling in the market with financial regulations.
They are restricting freedom and created the boom and bust cycle hand-in-hand with the Federal Reserve, they enable banksters to defraud the world when they bail them out and mandate risky schemes like lending to lots of people who are credit risks.
Who wants global government now to cover up their failings? The international banksters.
“Look what happen in Wall Street.”
You fail to notice that once again, it was government intrusion into the home buyer market (trying to force/encourage home ownership) that foisted these “shaky mortgages” on the market in the first place.
Look, if you were forced to buy 1000 lemons a day at your tea stand, there is a good chance, you will start selling lemonade before too long. Now, when we find out that the lemons were old and starting to go bad - don’t yell at me for trying to make a profit off of something that was FORCED UPON MY BUSINESS!