Investment And Wall Street Poker.

       There's a move afoot in Congress to deregulate Corporate America. In the U.S. Senate, there are sponsors for such legislation from both parties and even an independent. They're trying to get even more sponsors and because this is an election year, the urge to please big banks and Wall Street with this kind of deregulation is almost overpowering for politicians salivating over the thought of corporate campaign support.
       But if anyone just takes the time to stop and ask themselves why we so recently experienced the Great Recession, I can tell you it's because deregulation allowed Wall Street and those big banks to basically gamble with other peoples money with no safeguards to protect the average citizen. So if you lost money on your IRA or any retirement plan you were invested in during that recession, you can lay the blame squarely on those banks and Wall Street investment agencies. Not the small fry, but the mega-agencies.
       With almost no protection for you or me, they used our investments to sit down at the investment poker table and gamble with no fear of personal loss. When they won, they made bundles and when they lost, they made bundles, but you lost big time. They lied, cheated and did anything they felt like to make tons on money for themselves and did it with your money.
       Then when things went bad, the government realized it had been a mistake to deregulate the banks and investment agencies. But by then too many politicians were in the pockets of those bad players. At least they were able to push through the Dodd-Frank regulations. Weak but better than nothing. Now these folks in Congress are trying to get even what little protection we have, struck down. Now if you don't believe me, you can always ask one of these politicians or a Wall Streeter or investment councilor. They'll tell you they can be trusted to take care of you. And they will. Just like last time.