After all this time, finally he propoeses a change actually worth hoping for. And a change away from some old New Deal leftover junk, to boot. Who could have though he had that in him?
By lifting, or even just weakening, restrictions on who can invest in private companies, and how many investors a company can have before having to spend millions on paper pushers to be compliant with this or that regulation; El Presidente has finally come up with something that will actually lessen Wall Street's grip on the economy.
"In a scary and painfully frank interview a freaked out BBC interviewer is visibly shaken when market trader Alessio Rastani predicts that the "Market is Toast." Apparently there is nothing Euro governments can do."
Today's news is coming on fast and furious. Reggie Middleton of BoomBust Blog at http://boombustblog.com/ has posted how "The Germans, Italians, French... Most Of Western Europe [are] On The Brink Of Bank Collapse! You know the saying: It's not paranoia if they're really after you. Europe is much, much closer to universal bank collapse than the media is letting on." Middleton goes on to demonstrate the EuroZone's exposure to Greece's default this weekend.
Let's tie this latest bit of dread to this autumn's outbreak of global war.
Ron Paul made the following opening statement today for the Committee on Financial Services Paulsen Hearing: