It is naive to think that free market system will take care of itself. That is ignorant of the fact that US financial markets are used to rob American wealth in LT.
We need better financial flow control and procedures.
The banking committee members are uneducated about cyber financial wars and terrorism.
They are just like the rest of sheepsters to slaughter house bankrupting Americans and US with their ignorance and negligence by not preventing the R.E. scam, as example, and helping the Banking System.
Shelby is making excuse for not doing his job ~ Senate Banking Committee ~ during the last 22 years.
Main Street bleeds with Wall Street, no matter what, profits from long/short.
Still causing crisis. Not only NOT-preventing-crisis, he is incapable to manage the crisis which he failed to prevent.
He is insane blaming others while he was in the banking committee over 20 years.
Shelby is right about FDIC should not be increased to 250,000 from 100,000 at this time when the nation is in crisis
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The United States Senate Committee on Banking, Housing, and Urban Affairs has jurisdiction over matters related to: banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development and mass transit, and government contracts.
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