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The Answer is
No! More regulations would produce the
opposite. It would be more of the
same old failed policies. Every federal
government regulatory agency thus far set up
has been taken over by those it was supposed
to regulate. No regulations thus
far proposed have addressed the problem of the
huge conflict of interest between making a
profit and providing the public with honest
and fair-priced financial services.
Because big money
interests own the politicians, the agencies to
be regulated get the politicians to pass the
laws that they (those supposed to be
regulated) want passed and then claim that the
law requires them to do what they want to
do. The public gets screwed and
the organization rake in additional billions
of dollars.
**msc1
With regard to the
present (March 2009) financial crisis,
the proposed solutions include adding more
bureaucratic regulations to the financial
industry. Obviously those
who control and manipulate the nation's money
need some restraints.
The question is not simply which regulations
to add, rather, it's how to avoid the
corruption that produced the problem in the
first place. Regulations do
produce positive results, but the side affects
are often worse than the original
problem. The other major question is
"Who is going to be in
control?"
This leads to the next
two more questions:
"Are there any
alternatives to more bureaucratic regulations?"
The answer is a
resounding YES!
Is there a way
to eliminate huge conflict of interest between
making a profit and providing the public with
honest and fair-priced financial services?
Again, the answer is a
resounding YES! That answer
involves re-designing or replacing the
public-service portion of the banking industry
-- the portion which provides home loans,
student loans, auto loans, et
cetera. This can be
accomplished with the use of a network of
independent, non-profit
foundations. The link below will
take you to the page which describes the
process:
Create a Public-Service
Banking System
A Nine-Phase Approach
to Ending the
Home Foreclosure Crisis and
Re-designing the Banking and Financial Systems
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