Economists Warn Another Financial Crisis on the Way

"In the report, the panel, that includes Rob Johnson of the United Nations Commission of Experts on Finance and bailout watchdog Elizabeth Warren, warns that financial regulatory reform measures proposed by the Obama administration and Congress must be beefed up to prevent banks from continuing to engage in high risk investing that precipitated the near collapse of the U.S. economy in 2008."

Actually it was Fanny Mae and Freddy Mac and the Fed Reserve Bank for allowing no interest 30 year loans to people who couldn't pay their mortgage to begin with, and they definitely couldn't pay them after 4 years when interest rates was scheduled to go up on those loans.  When the interest rates went up the Housing market crash because those loan recipients couldn't pay their mortgage payments, and many were already in default before the housing crisis for not paying. That is what caused the collapse in 2008 not bank investments.

But look at the great suggestion of this so called Economist, "Congress must be beefed up to prevent"  in other words Congress needs more power over the banks.  the Government needs more power over the lives of every human in the US.

Stop listening to jerks like this a get one to reinvesting in AMERICA.