Cry Wolf Quotes
It would help me by driving 85 per cent of my competitors out of business, if I could manage to keep out of Atlanta or Leavenworth myself.
Too long have we introduced carelessly into the stream of our national life alien philosophies of government control and foreign ideas of repression of the individual that have no place in this land of freedom. It is time to rout them out. It is time for all of us to realize that we want and intend to have for our own and later generations the American pattern of life and the American freedom of opportunity which these foreign ideas and theories and plans have been shouldering out of the picture.
So far as I know, we as a people have not reached any decision to abandon our accustomed type of life; up to date we have looked upon the officers of government not as masters but as servants of the people, and we have looked upon ourselves, the people, as master of our destiny. While, as I say, we have not reached any decision to abandon this philosophy, it seems to me that we are acting in many respects as if we had. ... If we really are in favor of changing our basic economic order, we must be prepared to abandon our present form of government along with it; for if we expect government to do our thinking planning and spending for us, we must be prepared to remove from government the necessity of submitting itself to frequent popular election. Otherwise, we shall have a planned economy, the plan of which changes whenever an election campaign approaches.
The Securities Act of 1933 created a serious obstacle to recovery, through its drastic regulation of the issuance of new securities by private enterprise. The Banking Act of 1933 created an additional impediment through the provisions of Section 16 prohibiting the national banks from participating in underwriting securities after June 16, 1934.
Related Laws and Rules
Backgrounders & Briefs
As the nation approaches the first anniversary of the Dodd-Frank financial reform law, opponents are claiming that the new measure is extraordinarily damaging, especially to Main Street. But industry’s alarmist rhetoric bears striking resemblance to the last time it faced sweeping new safeguards: during the New Deal reforms. The parallels between the language used both then and now are detailed in a report released today by Public Citizen and the Cry Wolf Project.
Political Economy Research Institute is a think tank focused on a variety of subjects such as diverse financial regulation, living wages and environmental protection.
Consumer Federation of America defends the consumer interest in fields ranging from housing and financial services to food safety.
The Service Employees International Union represents workers the public sector and a variety of industries in the United States.
The National Community Reinvestment Coalition works against unfair lending and banking practices, particularly those targeted towards low and middle income families.