Americans want stricter regulation of business – Los Angeles Times
A new Los Angeles Times/Bloomberg national poll shows … that nearly three-quarters of respondents thought the lack of regulation was partly responsible for the current financial and housing crises. The need for stronger regulation of financial markets was cited most as the top issue for the presidential candidates to address in the remaining weeks of the campaign.
And nearly half of those surveyed now think there is too little regulation of business.
The power of propaganda
At its root, the entire financial crisis is due to the excess dollars printed by the Fed in connivance with the US Treasury. It was profitable for banks and others to join th party – and was expensive to stay away from this party. The total sum of excess dollars printed is now estimated more than US20-50 trillion – in the last 10 years.
Now these same authorities who printed this excess money, are expected by the American people to supervize the financial sector.
Can we trust the fox to guard the hen coop? Can anything be more illogical?
The 2ndlook model for a Third currency Bloc is ready. Join in to review, participate, critique and develop the First Cut. While the need for a new global reserve currency has been evident, there is very little in the public sphere. The speed of events has clearly caught the BRICS and Third World napping – and unprepared. But, not 2ndlook – who, from the very beginning, proposed that the world should stop clinging to the Dollar-Euro skirts.