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August Wolf on Corporations

 

 


Not everyone who works on Wall Street is a criminal

Wolf declared, "If you believe that government regulation and bureaucratic interference leads to good outcomes, I would challenge you to show me so. You're just becoming a clerk because of the compliance requirements," he explained. "No one is provided to take any risk in the financial world, because of all of the regulation. [Massachusetts U.S. Sen.] Elizabeth Warren has told everyone that everyone that works on Wall Street is a criminal. I don't agree with that."

He said the Federal Reserve Board's policies of zero interest rates at a time when relatively few people can get loans, has widened the gulf between the upper class and the middle classes, since fewer people can make investments to garner better yields on their money. "You're creating more distortion in our economy," he said.

Source: Brookfield Patch on 2016 Connecticut Senate race , May 31, 2015

Other candidates on Corporations: August Wolf on other issues:
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