Posted 5 years ago on Jan. 29, 2012, 6:20 p.m. EST by WatTyler
This content is user submitted and not an official statement
As explained by Ronald Reagan’s Director of the Office of Management and Budget. (Yes, Ronald Reagan's!)
Obama, Bush and Clinton all in bed with Bankers.
Since the Clinton administration, financial services has gone from being roughly 15% of economy to 40%.
New regulation alone is not the answer. Glass-Steagall was less than 100 pages. Dodd-Frank is over 2,000 and full of loopholes.
The current financial system is fundamentally dysfunctional and must produce additional financial crises of even greater severity.
A constitutional amendment is needed to prohibit corporate political contributions under any auspices and limit personal contributions to no more than $100.