All financial institutions to be run by the federal government.

[De85]

ManusJustus said:

TheRealMafoo said:

I like to think of myself as someone who understands what's right and what's wrong.

I recognize that when you force people to work in the service of others, your enslaving them, and that's wrong.

First of all, almost everyone with a political opinion thinks they understand what is right or wrong, and they all think they are on the 'right' side.

Secondly, government regulation is not slavery.  If anything, a group of banks or credit cards that prey on people is more in tune with slavery than a government agency that's sole purpose is to protect consumers.

The amount of naivete in this post is baffling.   First off, banks and credit cards do not and can not prey on anyone without that person first royally screwing the pooch.  It's not the fault of the credit card company that you made more charges than you can afford to pay for, and must now pay the high interest rates that you knew you would have to pay if you didn't keep your balance current. 

Secondly, it would be great if the sole purpose of government agencies were to protect the consumers, but sadly that's not how it works out in real life.  One word: bureaucracy.