Fannie Mae-No Politics (FNMA)

[955]

again - in the last 12 months - 100% under Dodd Frank - Banks and other Financial institutions have RECORD PROFITS

You've made my point. With increased regulations like Dodd-Frank, what has it gotten us? "Banks and other Financial institutions have RECORD PROFITS." Banks have found a way around the increased regulations. Why? Because the PRIVATE NON-FEDERAL RESERVE, the one entity that could have prevented the 2008 Financial Crisis in the first instance, didn't do their job of reigning in the TBTF banks. Why did that happen? Two main reasons....

1. PRIVATE NON-FEDERAL RESERVE, the banks regulator, is made up of member banks and owned by them. The fox watching the hen house.

2. PRIVATE NON-FEDERAL RESERVE shields their activities from OUR Gov. How many times have we heard Senator Richard Shelby demand more info from the FED? Senator Shelby to Janet Yellen: "We want to know what you're doing and why you're doing it." Oversight of the FED is severely lacking. The FED is not being held accountable to anyone. The ball is getting dropped between Gov and the FED. WHY IS THIS BEING IGNORED BY CONGRESS??? ANS: So they can use Fannie & Freddie as scapegoats, pin the blame on them and collect their profits each quarter to fund their social programs!!! The FED is their feeding trough.

Regulations that were in place at the time of the financial crisis WERE ADEQUATE. Problem was they were never enforced. You can make new regulations until you're blue in the face, but if they are not enforced, what good are they? TBTF banks were given a get-out-jail free card, only to turn around and do it all over again. It is a breakdown of our society in general. Laws are NOT being enforced uniformly across the population. Laws are selectively enforced depending on status. Our justice system MUST be better than that if we are to survive. To think otherwise is the mindset of the globalists who want to exert their power over the populace, the exact opposite of "Liberty and justice for all".