Today the U.S. Congress passed the most sweeping Financial Overhaul Legislation since the Great Depression!
I believe that we are systematically seeing the destruction of capitalism and free-market in our country. I’ll leave the final decision of this legislation to those on Wall Street, Corporations, and Investors. However, I believe we’ll find this legislation will ultimately lead to more layoffs in the financial industry and less access to American Business for obtaining capital.
In the past 6 months, we have seen now two pieces of Federal Legislation that possess over 2,000 pages. Between the healthcare overhaul and now the new financial industry regulations, our government has never been bigger! If you’re a free market capitalist and you believe in making your own choices then this legislation should scare you!
Click this link to read the story in the Wall Street Journal: http://budurl.com/ccms