Law-Forums.org

[rushford79]

Should banks and privately owned businesses be allowed to prey upon consumers in any way they want to? Are hidden fees, hidden information about the product or service, false advertising, false promises, misleading claims, and deliberate misuse of existing laws enacted by congress through bribery with unlimited campaign contributions on both sides of the aisle to go unchecked? Is this your idea of how America should operate?
The Guardians Of Plutocracy (GOP) and the military industrial complex, that Eisenhower warned us about, wants it to be this way. How do you feel about it?

[merla15]

Nope
Greedy Old Pigs will say anything to take from the middle class so they can redistribute wealth to the rich.

Wall Street Reforms and Consumer Protection

Ordered 65 executives who took bailout money to cut their own pay until they paid back all bailout money. http://huff.to/eAi9Qq

He pushed through and got passed Dodd-Frank, one of the largest and most comprehensive Wall Street reforms since the Great Depression. http://bit.ly/hWCPg0 http://bit.ly/geHpcD

He made it so that banks could no longer use YOUR money to invest in high-risk financial instruments that work against their own customers' interests. http://bit.ly/fnTayj

He supported the concept of allowing stockholders to vote on executive compensation. http://bit.ly/fnTayj

He wholly endorsed and supported the Foreign Account Tax Compliance Act of 2009 that would close offshore tax avoidance loopholes. http://bit.ly/esOdfB http://bit.ly/eG4DPM

He made a deal with Swiss banks that permits the US government to gain access to the records of criminals and tax evaders. http://bit.ly/htfDgw

He established a Consumer Protection Financial Bureau designed to protect consumers from financial sector excesses. http://bit.ly/fnTayj

[adalwine]

It's time for the inevitable reversal of the legislative deregulation during the Reagan admin. which upset the balance between consumer and business interests. Most Americans support socially-protective regulation particularly of health, safety, and the environment, telecommunications, banking, and the airlines.

Why such a disparity, then, between what the public wants and what the public allows its leaders to do? Because "excessive regulation," the mantra of the far right, is an all purpose scapegoat for business ills.

[danil70]

There needs to be limited laws that prevent business from infringing upon the rights of others where there is no inherent market force to correct this. The same way we have laws against murder/theft/etc, yet ppl should be as free as possible. Currently we have too many laws that are overly intrusive and anti liberty in both areas.

[merla15]

No, completely unregulated capitalism would collapse immediately. It's important to find the right balance between creating an environment as friendly as possible to monopoly capital, and ensuring the stability of the system.

Signed, Joe McCarthy - American Imperialist

[lifton]

I think it's partly up to consumers to watch out for themselves, and for adults to do so on behalf of their kids. There has to be SOME regulation, in regard to bait and switch and similar tactics, but all in all I think it should be largely laissez-faire.

[croslea]

Even the Guardians of Plutocracy don't want unregulated capitalism. They just like to pretend they do to get the votes of the idiots.

[gerard]

No. I believe in a healthy mixed-market economy of free-market capitalism mixed with some government regulation & protection that benefits the common man.

[lintun]

No, but I favor unregulated beard growth.

[ricki]

Sure. Anything that pisses libtards off is good for America.