General Discussion
In reply to the discussion: It time to put an end to the GOP talking point repeated here on DU again and again. [View all]TheKentuckian
(25,023 posts)essentially self reporting, that maintains an anti-trust exemption is being regulated into trustworthiness?
Please. We have a largely toothless, unresourced, and convoluted law that says it does what you claim but willfully avoids it.
Congress was not serious at all. I heard more threats to MLB's anti-trust exemption for steroids and lockouts than the entire healthcare debate.
I also know that when it is actually undertaken to regulate something we see hammers for every nail from fines to community service to probation to prison. We see agencies created with budgets to investigate, prosecute, and punish.
Here we get if what you report isn't compliant then we will be forced to announce/publish the fact and eventually inform the cartel "if you persist you won't be allowed to have our exchange customers who you refused to cover or abused mightily if you would take their money by the wheelbarrow load (provided you all don't collude to tell us to fuck off and leave us with no choice but to knuckle under because we have no choice)".
Since no one would trust a comparable system to render a puckish 8 year old trustworthy, no I don't find it remotely credible on some of the most callous and predatory fucks in history as a toolbox to transform my perception to one of trust.
This bill makes the cartel even more dangerous. They are being made a too big too fail, supported by the with faith and credit of the United States and literally every citizen a personal obligation to them to backstop an "industry" on course with suicide from their own practices and avarice.
When your solutions are too build up and build around the problems, the burden should actually be on you to overcome bias against your reasoning. Even more so when you reach for a pre-existing solution not built with such intent that has been put into practice with little record of such either, participation is up but cartel is still the cartel there. Your "reform" was designed to prevent systemic reform, not enable it. To empower the cartel, not make it a servant of the people.