Barack Obama, who has been a step behind rival Hillary Clinton in proposing remedies to the housing and financial crises, jumped ahead of her this week by advocating broader regulation of Wall Street.
Obama called for the Federal Reserve to be given greater supervisory power when it acts as lender of last resort. He also urged stronger capital requirements for financial companies and a consolidation of regulatory agencies.
Big government stifles our desire and will to produce because big government is invariably accompanied by higher taxes.
And higher taxes are not the solution to our problems.
More on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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