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re: Nice opinion piece on income inequality from CNN

Posted on 4/10/14 at 2:12 pm to
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 4/10/14 at 2:12 pm to
quote:

Gov't interference has increased the rigging.


Or the opposite when talking about the financial industry. The de-regulation of the banking industry in the late 70's into the 80's, and again in the late 90's has contributed a great deal to the problem.
Posted by cokebottleag
I’m a Santos Republican
Member since Aug 2011
24028 posts
Posted on 4/10/14 at 2:21 pm to
quote:

Or the opposite when talking about the financial industry. The de-regulation of the banking industry in the late 70's into the 80's, and again in the late 90's has contributed a great deal to the problem.


The current regulation crackdowns and bailouts of the major banks are crushing small banks. This is rigging of a different sort but it is still rigging.
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