@LastHoodProphet - I agree with you on this. While reading the article, I was thinking, okay, there is gonna be a loophole the size of New York City somewhere in the legislation. Yes they need to be broken up. That's a no-brainer. However, these 'bankers' should not have a hand in making the regulations. I don't care how many times they apologize. They are still rich as ***, while the majority of America is still reeling from their shady ***. Fox guarding the hen house.
It isn't the regulations or lack thereof that is the problem. It is the 'Too big to fail' doctrine. If a bank fails, let it fail. If a company fails, let it fail. Trying to prop it up with funny-money printed at the Fed hurts everyone. There's inflation, artificial interest rates, price increases, bubbles and busts; all the while wages take forever to increase.
Something that would help reign in the financial mess is H.R. 459, Ron Paul's "Audit the Fed" which recently passed the House overwhelmingly 327-98, with (I believe) 89 opposed to this bill being Democrats. You would think to help reign in our wars and nation building that these Democrats would love to vote for it.
Unfortunately, that snake Senate majority leader, Harry Reid, is refusing to even put the bill to a vote. I think currently there are at least 20 some co-sponsors of the Senate version of the bill. But alas, in 1995, Reid spoke strongly about the secrecy of the Fed and pushed to have an audit of the Fed. Why the about face now, Mr. Reid? Afraid of that the gravy train will end?
http://youtu.be/oXOsZ7Ad7dM
sanityplease
flag as inappropriate/spam
According to a 2005 article on a woman who presented herself as his girlfriend, Fred Mwangaguhunga, MTO owner, is a Tutsi from Rwanda. This is one of Rwanda�s main ethnic groups, although like all racial and ethnic categories, it is merely a social construction designed to control people. During colonial times, their Belgian colonial masters systematically created divisions between the two groups. They had some of these people on some ***, believing that the Tutsi were better than the Hutu because they were supposedly more like the Belgians. Interestingly, one of the bases for the supposed inferiority of the Hutu was the fact that they supposedly have broader noses. Anyway, tension between the Tutsi and the Hutu majority led to war and genocide that ravaged Rwanda in the 1990s.
One would think that with ties to such a bloody ethnic legacy, Fred Mwangaguhunga would not operate a business that constantly seeks to stir this kind of toxic nonsense in the black American community. But it seems his rotten *** hasn�t learned his lesson. Or perhaps he has. Perhaps he�s just one of those gnarled souls who roams the earth looking to profit off humanity�s worst instincts.
