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Why does a self-proclaimed "financial terrorist" want to destroy an industry that loans money to low income citizens that lets them make emergency car repairs so they can get to work? How did a couple that practically invented adjustable rate mortgages come out of the housing crisis unscathed by the media while other less culpable individuals were put through the ringer? Infiltrated exposes those who are attacking the free enterprise system, explains the ulterior motives of key players in the 2008 financial meltdown, Some Americans already know that the government's push for home ownership for unqualified loan applicants was a direct cause of the 2008 mortgage and banking crisis, although the Financial Crisis Inquiry Commission majority report whitewashed the federal government's culpability. A new game is afoot, as described by Richards: "Under the guise of protecting defenseless consumers against giant rapacious corporations, the federal government the only real monopoly in this game, with its regulatory tanks and artillery -- is standing against the entire free enterprise system." Progressives jump on every opportunity to turn America toward European-style socialism, "in which national governments and the European Union collude with a few giant corporations to control the economy." A new federal regulatory agency, the Consumer Financial Protection Bureau, is basically a "sovereign entity" without Congressional oversight, which runs roughshod over selected business targets, without using search warrants, and operates in a "prove you are innocent" manner. The CFPB "has increased the cost of consumer credit by a total of $17 billion and depressed job creation by about 150,000 jobs," according to a House Committee on Government Reform report released in 2012. The author wants citizen watchdogs to first understand that there are "activists who infiltrate government, intimidate businesses, blackmail corporations with threats of lawsuits and demonstrations." He suggests that we seek alternative news sources because the mainstream media fails to report the truth. Then we should make certain our government representatives know the truth by expressing our concerns by phone, in writing, and in person. The way to fight government infringement on freedom is to first inform ourselves, then to communicate with Congress and hold them responsible for change. (McGraw Hill Education, 2013, 299 pp., $25) |
and describes new layers of government regulations that are daily destroying creativity, enterprise, and freedom. Jay W. Richards explains how "an elite army of activists, philanthropists, and political insiders not only contributed to the 2008 crisis but also were able to blame others and use the fallout to greatly increase their own power."
