JTL

'Fundamental Overhaul' of Financial Regulations Needed

SOCIALISM? REGULATIONS? Sorry to burst your purist bubble thinking, but they're not the same thing. Grow up! The government has been "socialistic" from it's foundation (Central Banking Issue of the 1840's, Louisiana Purchase, Depression era). Always brought on by "private enterprise", capitalism, and it's concomitant abuses. It's theme is to "get" the other guy before he gets you, leading to the necessary controls over the inherent excesses. Otherwise, it's an everlasting boom/bust situation - and basic misery for all but the moneyed few.