Wednesday, December 30, 2009
Corrupt Politicians Make It Difficult
Moneythoughts has a lot of stuff to take care of today, so, if you feel like it, go back and read some of the posts that I have written over this last year. As I have said many times, this financial stuff is not difficult to understand once you know the terms - the language of economics and finance and the capital markets.
Difficult is manipulating proteins in the human body to stop the blood flow to tumors. That kind of work and research is difficult, not the work that goes on in the world of finance and the capital markets.
Moneythoughts believes that if we are going to use the capital markets to grow our economy, then the government should see to it that investors, both large and small, are treated fairly. This then requires a Securities & Exchange Commission fully staffed and financed to do the work that is before them. Without regulations of the capital markets and financial products, the greed factor takes over and we all get the financial crisis, bond market meltdown, and the bursting of an economic bubble. The credit rating agencies must be regulated and better yet, the Federal Reserve Bank should be the arbiter of what constitutes a triple-A credit.
As I have said many, many times, this stuff is not complicated or difficult. Politics and lobbyists and corrupt politicians make it difficult.