Financial Reform

The typical community in NYS is economically crippled by a variety of practices designed to extract excessive compensation from the residents. These practices should be ended, perhaps by purchasing goods and services from local businesses; perhaps by having the NYS Attorney General (or, hopefully, a Town Attorney General - see my websites http://election-issues-us.com/townattorneygeneral_2.php and www.townattorneygeneral.com

We Need to End These Costly Practices

Here are some of the costly practices that need to be ended or curtailed in most towns, villages and cities in NYS:

1. importation of goods and services that could be manufactured or provided in the area, especially now that transportation costs keep rising with the higher cost of oil
2. usurious charges (under NY law) of the national banks and credit card issuers; local banks and credit card issuers should be patronized, assuming they do not charge usurious rates
3. subsidies should no longer be given to attract businesses to the area; experience shows that the state and local governments pay too much for the jobs created, and the jobs often are lost when some other area offers a subsidy several years later; also, why should local small retailers be paying this subsidy to help non-local businesses put them out of business?
4. Monopoly practices need to be stopped by the NYS Attorney General or the Town Attorney General, if the local area has such an attorney
5. Federal law prohibiting price discrimination should be enforced by the NYS Attorney General or any Town Attorney General, so that major retailers do not unfairly put small businesses out of business
6. Fraudulent (a/k/a "toxic") securities should be prevented from being sold to investors in NYS, something which the NYS Attorney General and/or the Town Attorney General should be doing
7. Non-competitive contracts should be eliminated to the extent possible; because of the lack of competition there will tend to be excessive pricing for the goods or services involved

Carl E. Person
Candidate for NYS Attorney General - 2010