Forum Post: DEregulation Causes Recessions
Posted 13 years ago on Oct. 9, 2011, 12:57 p.m. EST by wallstreetsigns
(2)
This content is user submitted and not an official statement
Every time we've DEregulated the financial industry and let them take more risks with people's savings we've caused a) the Great Depression, b) the S&L scandal, and now c) the Great Recession.
The Financial industry needs regulation to avoid high risk bubbles and crashes.
Alan Greenspan caused the Great Recession by refusing to regulate toxic securities.
There's enough regulation already, and although I'm all in favor of taking down today's ineffective and inefficient Top 10% Management Group of Business & Government, there's only one way to do it – by fighting bankers as bankers yourselves. Consequently, I have posted the Strategic Legal Policies, Organizational Operating Structures, and Tactical Investment Procedures necessary to do this at:
http://getsatisfaction.com/americanselect/topics/on_strategic_legal_policy_organizational_operational_structures_tactical_investment_procedures
Join
http://finance.groups.yahoo.com/group/StrategicInternationalSystems/
if you want to support a Presidential Candidate Committee at AmericansElect.org in support of the above bank-focused platform.
This is true only given the current monetary system. Competitive currency is a deregulation that could put money to work for the people and take it out of the hands of a few. Let the market dictate what medium of exchange the people want. Let open competition in currency make sure that it remains that way.
No, world Bankers cause depressions and recessions for their profit.