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Wednesday, April 14, 2010

Obama Call For Tighter Control of Derivatives

http://news.yahoo.com/s/ap/20100414/ap_on_bi_ge/us_obama;_ylt=AlZcjvFiFk58..U8yW6DZdyyFz4D;_ylu=X3oDMTI5N3MwN3FyBGFzc2V0A2FwLzIwMTAwNDE0L3VzX29iYW1hBGNwb3MDMQRwb3MDMgRzZWMDeW5fdG9wX3N0b3J5BHNsawNvYmFtYWNhbGxzZm8-

People just have to ask..... what are derivatives again?

All joking aside, Obama seems to follow the philosophy that the more regulation, the safer the economy. Nothing could be further from the truth. In fact, the more Government controls over the economy, the less safe it will be from falling into a recession/depression.

But don't tell the average American that... they still think the free-market we don't have in this country caused it all.

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