Somebody should ask these Tea Party Republican candidates why we should listen to Wall Street and the Big Banks we just bailed out about how to fix the mess they got us into? Because that is exactly what the Republicans are arguing for. These Bank Robbers who got away with their crime are now lobbying congress to DECREASE REGULATION. Yes, it's true and the Teapublicans agree! Why would we do what the Bank Robbers say?
If we increased regulation at a cost of 100 million dollars a year, how would that compare with the TRILLIONS AND TRILLIONS of dollars in losses our economy has endured during this crash. One Hundred million dollars spent on good bonded federal treasury inspectors every year might have saved us Five Trillion dollars in losses to our economy. That's about 1/600,000th spent per year to avoid the crashes. And that's exactly what we used to do in the USA.
Check out this paper by Harvard professor David Moss...
An Ounce of Prevention:
The Power of Public Risk
Management in Stabilizing
the Financial System
http://www.hbs.edu/research/pdf/09-087.pdf
Includes-BANK FAILURE GRAPH OVER TIME:
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