"Democratic" measures relating to bank regulations are rather ineffective.
Sort of like someone giving the school bully a bunion, when that bully has been giving everyone else in the school yard broken bones.
What is and will always be needed is a complete reinstatement of the Glass Steagall provisions. So far, no one who really has the ability to do anything about it in either the Republican party or the Democratic party seems interested. (After all, gotta keep that lovely campaign money flowing in.) The American people also deserve a complete end to the "hedging" that involves the placing of "Exotic Instruments" on such matters as whether the mortgage holders can keep up with their underwater mortgages.
You may complain that Romney is (or was) a banker. But right now, while I would like to see a difference between the two men now running for office, the difference I do see is one of slight separation - while one is (or was) a banker, the other is best friends with the bankers, including his selection of that scumbag Tim Geithner as the head of US Treasury.
And I wish the influence the banking world does hold was limited to the Top Office int he land. But no, the hold of the Bankers is very alive on the state level also. While during the Great Depression, over thirty five states had enforceable provisions on their books banning foreclosure of homes, now when Calif. legislators attempt to stop just MINOR infractions of the overall moral code of the banking world, the lobbyists arrive in Sacramento and make sure that the two or three votes needed are swung their way. (Last year when this happened, surprise, surprise, it was two Dems that swung the way of the Big Banking people.)
I am truly frightened of what has happened to this nation. Beyond belief. Totally scared at how screwn we all are. And our children and grand children even more so.
= new reply since forum marked as read