Wednesday, September 30, 2009

Barney Frank the "over regulator"

Millions are frustrated over the need to shell out $700 Billion to bailout the financial crisis. Barney Frank the Maryland Democrat with over 40 years in public office has led the committee overseeing the bail out and foreclosure crisis.

My concern is the push for over regulation could extend and worsen the lending contraction just like an over correction to avoid a auto accident.

While Frank may see this event as proof that capitalism doesn't work. That fact is our country became the hegemony it is today and the largest philanthropic supporter of the WORLDS needs through free market capitalism. I agree regulation is needed to avoid repeating this mishap in the future but lets be smart about it Barney. ~ Joshua Host

No comments:

Post a Comment