Unfortunately, the reaction to common-sennse capital and regulatory requirements is more a reaction to the over-regulated envionment of today, and not a recognition of the need to protect not only the Citizen/Consumer and small business, but the entire marketplace.
Of course these financial institutions don't want regulation that inhibits profit-making. But, in the interest of the greater good-the entire society-we must have a framework that is transparent and protects all of us. Looking to the problems faced in Europe, and sure to spread here to U.S., we must get our financial house in order, and this includes a Surplus Budget to begin paying down the debt and freeing capital for growth of the private sector.
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