Discussion Response 150 words....2 paragraphs max...looking for a short response with sources if required

Review the posts made by your peers. In response to your peers, Agree or disagree with your classmate's position.  Defend your position by using information from the week's readings or examples from current events. Ask at least one direct question while you comment on their response.

Johnnie Donald

After viewing the video, "The Crisis of Credit Visualized", I feel that the federal government could have at least mitigated the crisis. Once Mr. Greenspan lowered the interest rate to 1%, it became evident that the investment bankers were not going to be happy. However, the lower income people that were looking to buy homes thought it was a great thing. The low housing interest rates along with other incentives made people just jump on the bandwagon. The investment bankers had to try to find another way to keep getting rich. The government tried to fix the problem in 2010 when congress passed the Dodd-Frank Wall Street Reform & Consumer Protection Act. This was intended to increase oversight of the financial industry and sought to prevent the types of risk-taking and deceptive practices that led to the financial crisis (Seaquist, 2012, Chapter 4). I think the government should have acted much earlier.

I believe that there is too much government regulations in some areas. Because of so many regulations, many small businesses are unable to survive. The government always talks about jobs, but the only ones that are available is though larger businesses. The small business the is the heart of the US is slowly diminishing. The government does need to be hands-on in some situations,. They need to regulate the court system and offer a means of safety for the American people. This would be for the greater good of all the people.

Reference

Seaquist , G. (2012). Business Law For Managers. Bridgepoint Education, Inc.