General Discussion
In reply to the discussion: The Obama Administration Has Been Very, Very Good To Banksters And Wall Streetians [View all]bvar22
(39,909 posts)...while parading in front of the TV cameras promising Americans that he would NOT vote FOR it unless it contained ironclad protections for Main Street?
ALL while he was a Sitting Senator in 2008?
The much ballyhooed Great Wall Street "Reforms":
*Did NOT fix the problem
*Will NOT prevent another Meltdown
*Did NOTHING to bring the most toxic of scams (derivatives) under regulation
*Did NOTHING about "Too Big to Fail"
*Did nothing the rebuild the firewall between Investment & Savings
(the firewall that was torn down by the Clinton Administration)
...in fact, did very little to solve our problems.
Dodd-Frank was the very least Window Dressing they could use,
and still claim to have instituted "reforms".
Pardon me if I don't join the Mission Accomplished, aren't they GREAT parade of fools.
You will know then by their WORKS.