No wonder our country has become less competitive over time. This is the kind of thing that drives business away.
It sounds like you want to tax and regulate financial institutions even more.
No wonder our country has become less competitive over time. This is the kind of thing that drives business away.
*******************************************
Your hopeless , nothing of the sort , however the financial arena has been completely unregulated for almost 15 years ,,, sure they’re regulations on the books but they are NEVER enforced ,,, John Corzine stole over $1Billion from his clients and is still free and WILL NOT be prosecuted... They are the cause of the real estate bubble and the collapse of the economy, they created products that do not qualify for tax exempt status ,, they should pay the tax due ... doesn’t sound like additional taxation to me.
You are in Iowa , snowed in and bored to death ... you have seen farmland rise in value over the last 10 years at a steady pace but you can still buy a old farmhouse for about $15/sq. ft. ... you never saw the bubble blown up or pop ,, this is all academic to you ... I know what your worldview is from looking out over the snowed over fields , I too have land near Iowa , less than 1/4 mile on the other side of the Mississippi.
The people in California , Florida and Nevada are at ground zero ,,, we know what the banks gameplan is ... they are executing it with the cooperation of the government , they manufactured a bubble with no money of their own. They engineered a contraction to collapse the bubble (it was accelerated by the fact that smart money caught on to the game and stopped funding their purchases) and now they are reaping all the properties bought with other peoples money for their enrichment. They increased their profits along the way by insuring their products and by selling them multiple times.
If you knew history you would recognize this as the same gameplan the banks used throughout the late 1800’s to steal farmland... they would loan money , get farmers on the hook and then engineer a contraction by simply keeping more cash in the vault and out of circulation.