Does the financial sector run the US Government?

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  1. bradmasterOCcal profile image30
    bradmasterOCcalposted 2 years ago

    Does the financial sector run the US Government?

    Why did the US bailout the financial industry without fixing the reasons why it failed in the first place? It seems like the financial industry had the US in its back pocket and both sides knew it. Yet, the American people didn't have a clue, and many are still ignorant about it today.

    Is Congress hamstrung by the financial offering from big corp?
    If you are going to vote in 2016, does this affect your choice at the voting booth?

  2. SgtCecil profile image95
    SgtCecilposted 2 years ago

    yes and no.

    the financial sector is just one of many industries that control the gov. that's the way american democracy worked out.

    voting is a way to get heard but there's an even better way: vote with your wallet. if you don't like what a big bank is doing, stopping doing business there. go with a small bank. then write to the big bank telling them why you'll never do business with them again.

    there are countless companies fighting for your money every day. your bank, your phone company, your food, your everything. if you don't know who the good guys are, do your homework! you are in complete control... as long as you take it.

    it won't be overnight but stick to it and spread the word. good luck!

    1. bradmasterOCcal profile image30
      bradmasterOCcalposted 2 years agoin reply to this

      That would have been a great answer, if the big companies didn't swallow up these little companies. And every year these little companies bite the dust. I can't tell you how many little to medium size banks that B of A & Wells Fargo have eaten up

  3. profile image80
    wba108@yahoo.composted 2 years ago

    I would say its the other way around, the government controls the financial sector. For the most part, the financial sector is still part of the private sector and government hold a great deal more real power than they do. If you don't like a company you can take your business else where but the government holds a monopoly and enforces it with the law.

    Government tinkering in the banking industry precipitated the 2007 meltdown. Initially banks strongly opposed giving loans to people that couldn't afford them but eventually some major banks saw the writing on the wall and used it as an opportunity to best smaller competitors because the government let them know ahead of time that they would be too big to fail and therefore be bailed out.

    If Congress is hamstrung by their indebtedness to business, its up to the people to remove them from office and even see them prosecuted for violating the Constitution. I think we're seeing some of the backlash now, Congress was never meant to be a career, term limits need to be imposed. If the people really cared about their government and country they'd learn the Constitution and not be sweet talked by pandering politicians.

    1. bradmasterOCcal profile image30
      bradmasterOCcalposted 2 years agoin reply to this

      With the mergers and acquisitions, you have less choice today, so you just can't take your business elsewhere.
      As long as there are loyal party voters the bad politicians will stay in office, and get elected. The constitution has been stretche

    2. profile image80
      wba108@yahoo.composted 2 years agoin reply to this

      But I think a major reason for some mergers and acquisitions are due to government tinkering in the economy. If the mergers and acquisitions are due to market forces , I don't have a problem with them.

    3. bradmasterOCcal profile image30
      bradmasterOCcalposted 2 years agoin reply to this

      The basic reason for the M&A are to control the market, and avoid the federal taxes. Many of these companies send the tax base and work abroad where other countries are eager to get their business, and give them significant tax breaks.

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