The financial meltdown dramatically showed the dangers of too little government, he said, "when a lack of accountability on Wall Street nearly led to the collapse of our entire economy." -- Barak Obama ANN ARBOR, Mich. May 1, 2010
Yes too little Government for sure. That's why. More Government is clearly the answer to everything.
There has always been plenty of regulation in the Finance Industry. The Government has been asleep at the wheel. SEC too busy watching Porn and not enforcing existing regulations. Repeal of the Glass-Stegal Act. On and on.
More incompetents. More Bureaucracy. The Government loses $54 Billion in medicare fraud in a single year. The Government can not account for the money given away in the bailout.
Yes folks... Obama must be right. The solution is always more Government. Just like the solution to alcoholism is to drink more. The solution to oil spills is to drill more. The solution to "War" send MORE troops.
And of course using "Obama logic" the solution to economic recovery is simply to borrow more, spend more, and print MORE money.
Obama has a short memory and continues to forget the wall street
problems were due to the actions of Fannie Mac and Freddie.
Senator Dodd and Congressman Frank had nothing to do with exposing the mortgage market and actions of Fannie and Freddie.
Other agencies of the Government were silenced when what was going on in the market place
The SEC and Congress needs to call Fannie and Fredie executives to testify about their roll in the collapse.
Another cover up to add to how the Obama Government works.
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