America again needs to regulate banks and if is does not America becomes bankrupt?
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It took a stupid president with nothing on his mind to bankrupt America through the de-regulation of banks in america which in the end bakrupted car makers ,housing and banks through loop holes .Why would a president call the American government stupid when he endangered the American government and people by not regulating banks .It might have been fancy in the 1980's but everything now is crashing into a bomb crater for the american people.?David Harris
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Answer:
This rant qualifies as ignorant. Go research America's monetary system, the Federal Reserve, fiat money, Austrian economics, Keynesian economics, Natural Law, and U.S. history...then rant. Your knowledge will quadruple.
jerry pace at Yahoo! Answers Visit the source
Other answers
IT WAS DEMOCRATS LIKE BARNEY FRANK & CHRIS DODD AND FANNIE MAE & FREDDIE MAC THAT WERE BEHIND THE SUB PRIME MORTGAGE MARKET THAT WAS THE BASIS FOR THIS ECONOMIC CRISIS WE ARE IN.
The only way to bankrupt America is to continue increasing the size of the federal government. Banks getting rich hurts nobody. Nobody has to use a bank if they don't want to.
Yes your right but ideally it should be done after the recovery -- likely nothing will happen
the banks are failing fast 15 already his year over 200 last year depression/recession looms for 2010 market doomed to crash
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