Greg’s Newsletter, Keeping the American Midlle Class Informed / February 11, 2009

This video will give a view of what happened behind the scenes explaining why the Federal Reserve and the Treasury changed direction on the first bailout plan. It just proves that the financial industry had developed such complicated investment and financial vehicles; the government contends they didn’t understand what was going on. This is the Chairman of the Capital Markets Subcommittee and he doesn’t understand what is going on. When an industry gets so complicated they can manipulate the economic system for their advantage, knowing the government cannot understand or control it, it is time to do the very thing they do not want done and that is regulate it. Not to a point where it cannot function but insure transparency and full understanding of what the ramifications of what direction the lobbyists and the financial system is going. I don’t like controls by the government but when an industry can do what it has done to the economic system, we need complete understanding of what they are doing and regulate it to a point to stop this self serving motivation of greed. There must be economic responsibility to the nation and its people.

Greg Goodwin



3 Responses to “Greg’s Newsletter, Keeping the American Midlle Class Informed / February 11, 2009”

  1. Ladden Says:

    I loved the way of writing the post. I will recommend the site to my friends!

  2. moliberty Says:

    I agree with you, about not having to know every detail. But many folks need to know what’s been going on since the establishment of the Federal Reserve in 1913. That’s the point in U.S. history that placed us on the path of a private entity having total control over any government on this planet.

    Ron Paul is once again trying to push to abolish the Federal Reserve. Check out Campaign For, or Ron Paul’s congressional website to learn more.

  3. tothewire Says:

    Mo, great post! Good points made. I think Americans are scared, and feel like they are not getting all the information. I don’t feel like I need to know every detail, I JUST WANT IT FIXED! I am prepared to ride it out and give it time with my toes and fingers all crossed!

    Anyway, glad you shared!

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