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July 12, 2010

Washington Is Destroying Our Future

Financial reform... The two scariest words coming out of our nation's capital this summer.

Considering the terrible mess Washington has made out of our economy, you'd think Members of Congress and the President would have given up trying to force their iron hand over the free market.

Yet the House has passed the Wall Street Reform and Consumer Protection Act of 2009, guaranteeing that the financial crisis looming in the near future will be even worse. Of course, the only protection consumers really need is protection from government.

Washington is destroying our future, and time is running out to stop the political establishment's irreparable damage. If I'm not chosen to be the nominee for U.S. Senate in next month's primary, the chances of actually turning the tide are that much slimmer.

Related stocks: Bank of America Corporation (Public, NYSE:BAC), Citigroup Inc. (Public, NYSE:C), Wells Fargo & Company (Public, NYSE:WFC), Fifth Third Bancorp (Public, NASDAQ:FITB), SunTrust Banks, Inc. (Public, NYSE:STI), JPMorgan Chase & Co. (Public, NYSE:JPM), Morgan Stanley (Public, NYSE:MS)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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