Why the U.S. is Not Regulating Wall Street-

Why the U.S. is Not Regulating Wall Street-

                On March 1, 1999, countries accounting for more than 90 per cent of the global financial services market signed onto the World Trade Organization' s Financial Services Agreement (FSA). By signing the FSA, they committed to deregulate their financial markets. 1
                For example, by signing the FSA, the U.S. agreed not to break up too big to fail companies.. The U.S. alsopromised to repeal Glass-Steagall, and did so eight months after signing the FSA. 2
                As highly-regarded economist Michael Hudson who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research, and was an economist at Chase Manhattan Bank and helped establish the worlds first Sovereign Debt Fund said:

                "You have to realize that what they are trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as theNew Deal institutions. They are not trying to make the economy more equal, and they are not trying to share power. Their greed is (as Aristotle noted) infinite. So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the road to debt peonage. The Road to Serfdom is not government sponsorship of economic progress and rising living standards, it is the dismantling of government, the dissolution of regulatory agencies, to create a new feudal-type elite." 3

Dr. S. Akhtar Ehtisham
(607) 776-3336
P.O. Box 469,
Bath NY 14810
USA
Blog syedehtisham.blogspot.com
All religions try to take over the establishment and if they fail, they collaborate with it, be it feudal or capitalist.