What changes, if any, to the current condition of these tools would you make at the next meeting of the Federal Reserve? Explain why and the benefits/drawbacks of this strategy
by 
AshDMM
ANSWERS: 2
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In 1999 Bill Clinton signed the Financial Services Modernization Act, removing the walls separating the activities of banks, insurance companies, and securities firms that the 1933 Glass-Steagall Act provided. This mistake MUST be undone. Banks that make bad decisions SHOULD fail. And the laws and regulations that permitted this travesty must be revised. Those who fought to get these rules placed into the law should be stripped of their profits, and the banks that took advantage can be bought out at fire sale prices and put under decent management. Last I checked, the Federal Reserve doesn't pay a penny of its profits to the gov't. If We The People have to pay billions of dollars to support these thieves, we should at least get the spoils for ourselves. The deficit isn't getting any smaller. If the bankers want us to bail them out, fine. But that means WE own THEM! Doesn't it make sense that a Federal Bank should pay its dividends ONLY to the People?
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3 Now calculate real GDP for 2005 and 2006 using 2006 prices. By what percent did real GDP grow?
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