With an attempt to turn around the financial sector at the end of 2009, the chairman of the senate banking committee has drawn up a bill to place more regulation on banks and change the role of the federal reserve.
But even if this legislation moves forward will it prevent another financial collapse? It is not only a matter of setting up a strict set of rules but getting banks and companies to stick by them.
But if the federal reserve are in charge of overseeing these new regulations, we only have to look at the job they did during the panic of 2008.
Not only did they not see it coming, but they did nothing to prevent it back in 2007.
So how can we say that this will not happen again? What is going on in the US at the moment can be broken down to 6 simple words: Princeton, Harvard, Yale, Bullets, Bombs & Banks.
It all goes back to the same things.
It's just one big circle.
The sad news, it that there does not look like any good news on the horizon.
During our investigations it looks like the crash of 2010 is going to happen.
All the stimulus money from around the world is drying up.
So what are they going to do for an encore? You have to create productivity, you simply cannot print your way out of this.
At one point the stimulus runs out and the crash happens.
Something which could be closer than you think! While the governments blame consumers for the problems that have surfaced, the blame really should be focused on governments that have relentlessly done the wrong things to try and get us back on track.