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Wall Street/economy question
With all the attention given to the financial meltdown in the media, I see a
lot of finger pointing and blame being directed at various people for the lack of government regulation. Even McCain, this morning, acknowledged that some level of regulation is required. Here's what I don't get: Congress has oversight responsibilities covering a broad range of areas. Congress is also the legislative branch of the government, responsible for drafting, proposing and instituting laws and/or changes as required. The executive branch then enforces the approved laws. Why don't we see any members of Congress responding to this financial crisis with any form of proposed legislation? I see them casting blame for the situation on either current or past presidents, but I haven't heard of any of them .... Republican or Democrat actually doing their job and taking action as required in their job/office responsibilities. EIsboch |
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