Forum Post: Collapse not followed by regulation
Posted 13 years ago on Oct. 20, 2011, 5:54 a.m. EST by abmebratu
(349)
from Washington, DC
This content is user submitted and not an official statement
The 2008 bailout of the big banks is the first economic collapse that wan't followed by stringent regulation to prevent the next collapse of the economy. This tells us the government has been bought by big business. How is this possible should be the question we should ask???
Remember there are good regulations and bad regulations.
There's a bit of history to it but, ya, government no longer has control of its own currency. Everyone thinks that the "Federal Reserve" is a branch of the US Government. In fact, it's no more affiliated with the government than Federal Express. It's a privately owned, privately operated branch of a network of global, centralized banks, including the Bank of England.
I put together a brief history on some of the key details that got us to this point. If you agree, there's a link at the bottom of that to a petition I submitted today at whitehouse.gov. It's a futile effort because these things end up dumped on a committee that will never move them on to congress... but it's at least yet another avenue to occupy and make some noise in. :)
http://bjs3d.com/media/US_Petition.html