Quote:
Originally Posted by VRPdommy
If that was so much 'over regulation, why did it work so well for over 65 years till '99.
To the banks, any regulation that stands in the way of profits, is over-regulation.
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I can understand why they would feel that way. BUT...some regulation is indeed needed (though out founding fathers would be against any big Federal Govt. moves like that).
As I said earlier...there is a "Sweet Spot" of regulation. Congress went too far the wrong way in 1999.
And then in 2009 they went too far the other way.
That's what I'm saying. All those politicians are just out for their own personal gain.
Hopefully, they will accidentally hit the sweet spot and we can have a roaring economy without another 2008 meltdown.