Music Banter - View Single Post - America going broke, I say flat tax
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Old 04-29-2011, 03:00 PM   #13 (permalink)
Janszoon
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Quote:
Originally Posted by Burning Down View Post
That, and also the fact that American banks are not regulated by the government, so they can do whatever the hell they want when it comes to mortgage rates and investments. Also, the Federal Reserve is separate from the government, almost like a third-party actor, and it doesn't help that interest rates are determined by a non-governmental institution.
I don't actually think that's true.
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