Romney, the faux Conservative on Banking regulationSubmitted by AtlantaIconoclast on Thu, 10/04/2012 - 11:49
Why do Republicans try to act like Democrats? Had Ron Paul been up there in the debates, he would have explained that the banking industry does what it does due to moral hazard, not lack of regulation. It saddens me greatly that so many conservatives think we need regulation, rather than an end to all industry bailouts and special favors.
Romney said, "Of course we can't have someone open a business in their garage." But why not? Aren't private contracts, the threat of business failure and the need to maintain a good reputation in the community more reliable bulwarks against banking fraud than industry written regulation?