I believe Wall Street needs serious ongoing regulation.
Sentiment: NEGATIVE
To get our economy back on track and keep it functioning properly without the problems of our financial institutions, we need reasonable regulations that will protect Main Street while at the same time allow Wall Street to do what it does best - make money for American investors.
Wall Street shouldn't be deregulated. I think Wall Street and Main Street need to play by the same set of rules. The middle-class can't carry the burden any longer, that is what happened in the last decade. They had to bail out Wall Street.
The reality is that the institutional framework in which Wall Street operates is fundamentally inappropriate, and it inevitably generates violent fluctuations of the market.
I don't think anyone would argue with the notion that there have been serious abuses on Wall Street.
I believe that we have to have a new regulatory regime for our financial system.
Wall Street is populated by a bunch of people whose primary goal is to make money, and the rules are pretty much caveat emptor.
It appears that Wall Street is not acting as a force for economic expansion, providing access to capital for companies that make things. Rather, it seems, Wall Street is using government bailouts to lever up.
Wall Street, the banks, and corporate America, has been able to call the shots here. They control our members of Congress and they get what they want.
Regulation needs to catch up with innovation.
You know, I think many people have the mistaken impression that Congress regulates Wall Street. In truth that's not the case. The real truth is that Wall Street regulates the Congress.