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December 9, 2011

Response to the Obama Campaign: Wall Street Reform

Another video posted by the campaign and in this one, they claim to have ended too big to fail and saved our economy from future crisis.

I responded:

"Wait, wait, wait! Where was the SEC when this whole mess happened? So, since one federal agency failed, we're going to create and PAY FOR ANOTHER ONE to do what they were supposed to be doing? How about this, tell Americans to buy homes on fixed interest rates, tell Americans to buy homes where the mortgage payment doesn't exceed 27% of their income. It's a lot cheaper than taking an old rusty building (the SEC) and trying to build a shiny gold one on top of it with my money."

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