Local financial advisor says "don't panic"
Financial reform would keep a closer eye on trading and banking, but Republicans continue to block Democratic votes halting further discussions. However, if passed the bill would certainly have an economic impact all across the U.S. including Southwest Georgia.
Darton College Political Science professor Sarah Kuck says a downfall from the financial reform bill passing would be, “If you’re a free market capitalist, you would see this as just another erosion of those free market rights and you would argue, it’s a step towards socialism.” Kuck calls the timing of this reform, “suspicious.”
“Why are we focusing on regulation issues at this moment where we’ve obviously been in a recession for quite some time, so the timing would be the most item of interest to me,” said Kuck.
Meanwhile, Edwards Jones Financial Advisor Mark Price suggests to Southwest Georgians to “be calm and don’t panic” about money. Price believes the bill will improve the stock market.
“The things we’re seeing here are going to allow growth in the stock market and growth in our economy and this reform will be a big step in toward helping that,” said Price.
TV Station Profiles & Public Inspection Files forWFXL