Tuesday, September 15, 2009

Lessons Unlearned - New Financial Regulations

No intelligent individual can deny that Big Government had a pivotal role in the financial collapse last year. Changes in the Community Redevelopment Act during the Clinton administration and subsequent, ostrich like, head in the sand, support of Fannie and Freddie by Chris Dodd, Barney Frank and the Democrats in Congress brought this country's economy to its knees. Now, Obama wants to give the Fed new sweeping authority to over regulate our financial system. When are our representatives going to learn? Or is it all about power?Lessons Unlearned

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