In case you didn't pick up on it, what happens on Wall Street effects the value of your paycheck, the national debt, the price of groceries, and the price of energy. What is touted as the "Free Market" could someday drain your bank account because of poor speculation on Wall Street and the only way to insure you don't pay the cost with your rent money is for the government to write Wall Street a check to cover what they gambled and lost. This is what they are talking about when they say no regulation. This translates into, "I want to make speculative trades using the paychecks of working class folks whether you like it or not and if you say otherwise, you're a socialist".

Speculative Trade

Definition

Investopedia

Practice

CBS News

Problem

Problem Bank List

How it effects you now

Inflation Data

How it came to be

Gramm–Leach–Bliley

Attempted Solution

Dodd–Frank

How the current solution could effect you in the future

FDIC

What is at risk today

CNBC

How do we stop paying the price and assuming the risk for Wall Street?

Volcker Rule

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Original Post at richardkentgates.com