Isn't deregulating Banking and Lending...?...like letting 5 year old kids play with M80s? | |
The reason the Banking Industry wants total de-regulation is so they can charge whatever interest rates they want. Damn, they're doing that already, and EVERYONE in Congress is letting them get away with it.
The Banks and Credit Corporations got themselves into the mess, they can just go down like any small business would have to in the same circumstance.
like letting 5 year old kids play with M80s
That sums up this current administration and congress who consider themselves above the law and the Constitution.
Bankers don't have MBA's, don't work in the finance sectors their entire lives etc. 5 year olds know how to use M80's proficiently. Your analogy is spot on!
Not at all, the financial community has proven over and over again they can be trusted. Government should stay out of business. But I'm betting on another financial crisis, and my judgement is probably biased
We need laws to keep people honest, not to force banks to make loans to people who can't pay them back.
yes
No. Giving loans to those who don't qualify is.