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It was not the fault of deregulation. No industry in the US is more regulated than the financial industry. The problem is Wall Street and the government are one. They protect each other and enrich each other, at the expense of the rest of us.All the illegal and questionable activities that lead up to the crisis of 2008 by government and Wall Street resulted in both being even more wealthy and powerful today. Look at Goldman Sacks...it is a revolving door for government and industry...and no one goes to jail or is punished in any way...in fact, they are enriched and empowered. IMHO what big business and government did and continue to do, is no different than what Bernie Madoff did. All should be in prison with Bernie.
It was not the fault of deregulation. No industry in the US is more regulated than the financial industry. The problem is Wall Street and the government are one. They protect each other and enrich each other, at the expense of the rest of us.
All the illegal and questionable activities that lead up to the crisis of 2008 by government and Wall Street resulted in both being even more wealthy and powerful today. Look at Goldman Sacks...it is a revolving door for government and industry...and no one goes to jail or is punished in any way...in fact, they are enriched and empowered.
IMHO what big business and government did and continue to do, is no different than what Bernie Madoff did. All should be in prison with Bernie.
