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Did you hear what Senator Charles Grassley said He may have meant that literally or just figuratively. But, Senator Grassley is on to something. That might apply to the Congress, which brought us all the deregulation. Ultimately, the House and the Senate brought about the meltdown of the financial system. It was done by undoing the old regulations and choosing not to control new practices. Warren Buffett said that the new highly complex financial instruments are time bombs and “financial weapons of mass destruction” that could harm not only their buyers and sellers, but the whole economic system. And he is certainly right. The ultimate price of a trillion dollars (and still counting) is being paid by each and every American. Look first in the mirror, Sen. Grassley. Then, address your fellow politicians in the Senate and the House. Here’s the message that’s appropriate:
Click here to contact your representatives in Washington, D.C.: – Byron |
Tags: AIG, Buffett, Deregulation, Grassley
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