Thursday, December 8, 2011

Why do we NEVER learn?

Yesterday my Blog mentioned World War Two. Wouldn't you think a War that killed an estimated at least 40 million people would have said "never war no more more" even more than the "Ban the Bomb" movement of my day. But no, war continues to be our favorite pastime.

On another note, the Depression of 1929 followed a time of no restrictions, regulations or controls on Big Banks and Wall Street. And what are Republicans calling for now? Removing all controls and regulations on Big Banks and Wall Street. They refuse to vote for the new regulator, even though a new law that they voted in just last year requires a regulator. Every day that the Republicans delay means thousands of people are vulnerable to unrestricted banks and loan agencies that are charging as much as 25% a MONTH in interest! That's 300% a year! And with no regulator in place there is no one to stop it.

Talk about not learning from past mistakes, here we are struggling to come out of a financial disaster caused by unregulated banks that were allowed to gamble with OUR money and the Republicans are trying to get even the weak regulations that are in place now, removed. What are they thinking? Do they think that banks will regulate themselves? Or are they so much in the pockets of the Big Banks and Wall Street that they think they have no choice but to do their bidding?

I give up - which doubtless is what the greed mongers want.

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