And that's ultimately why we've had 60-72 month teaser rates and "subprime" auto loans for years now.
here in fascist America lobbyists write the laws and they admit it. What country are you in? http://www.elitetrader.com/vb/reply.php?s=&action=newreply&postid=3418421 http://www.techdirt.com/articles/20090423/1415514627.shtml http://www.bloomberg.com/news/2011-...ng-corporations-helping-write-state-laws.html http://www.citizenvox.org/2011/07/22/murdochkochexxonmobilwallstreet/ http://insiderfortunes.com/2011/12/america-lets-lobbyists-write-piracy-laws/
I acknowledged the revolving door among regulators/big corp employees/gov't officials. However, laws written by draconian, sanctimonious bureaucrats are often as bad or worse. But please tell me which bill Wal-Mart passed and how they enforce it? Since they don't have Fed agencies at their call, do they send out greeters to make sure everyone follows Dodd-Frank or other awful legislation?
clearly form your post you were referring to corporations in general not specifically wall mart. The feds in force the laws passed they don't need a greeter or a cooperate representative to in force the law. That's like saying a member of congress needs to dictate to enforcers every single action they take. who wanted the GARN-ST GERMAIN or abolished of Glass steigel was it the average voter who can barely balance a check book? was it the politicians who look for donations for reelection? was it the ones who will profit from it. I doubt a greeter knows what dodd-frank is.
There was a point . there but you missed it. I've never heard of "glass steigel." Was that on your spelling test last week?
yes, you are far superior because you take the time to double check your typing and spelling on an informal internet forum. I bet I could find spelling and typing errors in your posts if I looked, but I don't get an ego boost from playing English teacher on the Internet.