Quote:
Originally Posted by jyl
Well, thank goodness one party in Congress is blocking regulation of investment banking and commodities trading and cutting the CFTC (Community Futures Trading Commission) so that it can't act. As MF Global and JP Morgan have proved, and Goldman proves everyday, our esteemed Masters Of The Universe don't need any regulation. And if you agree, they'll donate unlimited sums to your campaign, since that is now allowed.
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With the recent revelations about the problems the Investment Banking houses have been experiencing I now support a return of Glass Steagle and a scrapping of Dodd Frank. The REGS have been on the books but it takes someone to enforce them. Usually it is not a problem of not enough regs but a lapse of that enforcement.