A: That's a good question. It sounds kind of terrible, but probably nothing. In other words, I think what we did in 2008 was a horrible mistake. What we got out of it was $20 trillion in debt. My philosophy: let failing companies fail. There's no such thing as "too big to fail". Let them fail; that's creative destruction. Newer faster banks will come along, younger banks. And they'll stop doing this. As a result, the system is flushed, cleaned out. Bailouts need to stop and these companies need to start operating on a real, genuine free market system where there's no one there to catch them when they fall.
Q: Do you think the derivatives market should be regulated again?
A: Yes. I think there are far too many regulations and some of them should be stripped away from American business so that they can hire people again, but at this point, I don't see any way to avoid regulating it, yes.
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| 2016 Presidential contenders on Budget & Economy: | |||
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Republicans:
Sen.Ted Cruz(TX) Carly Fiorina(CA) Gov.John Kasich(OH) Sen.Marco Rubio(FL) Donald Trump(NY) |
Democrats:
Secy.Hillary Clinton(NY) Sen.Bernie Sanders(VT) 2016 Third Party Candidates: Roseanne Barr(PF-HI) Robert Steele(L-NY) Dr.Jill Stein(G,MA) | ||
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