Kucinich calls for federal oversight to quell market volatility

[slipslidingaway]

http://www2.kucinich.us/node/4893


"Focusing on largely unregulated hedge funds and the scandalous practices of unscrupulous sub-prime lenders, Ohio Congressman and Democratic Presidential candidate Dennis Kucinich told a San Francisco audience that the Securities and Exchange Commissions and the Federal Reserve must step up their oversight responsibilities.

In a major economic policy address at the Commonwealth Club yesterday (Friday, August 10), Kucinich also warned that the "debt-financed capitalism" is reaching an economically dangerous level and could lead to a recession.

Click here to watch the Wall Street Journal "Market Watch" video."

[Name removed]

1. Deleted message

Message removed by moderator. Click here to review the message board rules.

[lazer47]

2. It is to late to oversee it, let it crash, it is the only way to clean it up

[PatSeg]

5. Ouch!

Sadly, I think you're right, though I don't want to.

[Name removed]

3. Deleted message

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[bahrbearian]

4. Thanks for the Link. N/T

[glowing]

6. What would happen if we threw out the Fed Reserve and America

wrote its own money? Would that help or not? Is a worldwide banking system better?

[slipslidingaway]

7. JFK and executive order # 11110, just started reading about this

the other day. The whole idea of the Federal Reserve Bank would make for a good discussion IMO.

[LWolf]

8. "Debt financed capitalism"

That's the truth.

I know way too many people, formerly living modestly and securely, who are in trouble right now.

I wonder what it is about this that prompted deleted responses; too scary?

[slipslidingaway]

9. It may have been a video that I watched last night which I thought

was very interesting and kept me up late, a talk given by Catherine Austin Fitts.