Did you ever wonder how the massive fraud on Wall Street manages to continue year after year despite even the real estate bubble disaster? Well here's one reason.
http://www.readersupportednews.org/opinion2/279-82/13546-why-the-government-wont-fight-wall-street
You may recall my writing over and over that big money controls the Administration. Well here's the current Administration, the one the right wing calls "socialist," and you can get a glimpse of which way the control goes from this piece.Â
Big money rules.
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Comments: 5
Far more imprtant, and dansgerous, are the speculations on commodities (mainly grains, coffee, cocoa, oil and metals, mainly gold) as the goods are just represented by sheets of paper and where locating them became practically impossible. On top of it, the speculations on currencies have, to say the least, strip governments from an important economics pillar.
This is due to deregulation, which mainly started in 2003. Early 2009 (first quarter) Obama was in a position to instate regulations but he decided to go with the Congress and in September 2009, thanks to filibusters, Wall Street and the big Banks regain the lost power.
I don't believe that House and Senate will regain enough democrats to avoid filibusturing and to instate some new regulations. The supporters of the so-called "free market" are and have been quite aggressive in order to prevent such regulations to be instated. And voters cannot really understand how this works and how this contributed in outsourcing jobs.
You are exactly right. The lack of enforcement and prevention of seriously dangerous activities is only hinted at in the examples from this link.