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May 22, 2013
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 GOP Drafting Rival Financial Reform BillPosted on Apr 26, 2010
Senate Republicans are hoping that, when it comes to their Democratic opponents, if they can’t beat ’em, they can at least make up their own financial reform bill to thwart ’em. One pesky problem with the GOP’s approach is, however, that it runs the risk of appearing to align with the interests of big banks. —KA
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By samosamo, April 26, 2010 at 1:58 pm Link to this comment
*************************
Report thisYes, by all means, keep up the hocus pocus facade or acting as
if these congressional jabberwockies are really on to helping the
people when it would totally go against their past behavior in
those ‘hollow’ halls of criminal negligence that they are all too
well known for in fucking the american people. Lobbyists talk
and americans walk.
By Steve, April 26, 2010 at 12:11 pm Link to this comment
(Unregistered commenter)
It seems to me we won’t get any truly effective legislation of any sort out of Congress until we 1) take the campaign money out of politics completely, 2) amend the constitution so corporations and other legal entities cannot claim the rights of personhood, including unrestricted free speech, and 3) de politicize our government civil services and substitute professionalism and best management practices, management by objectives with transparent metrics and 4) have other constitutional amendment to put a firewall between Congress and civil services allocations by district and state and 5) let the GAO be the monitor of the effectiveness of the civil service and overall guardian.
If we don’t get politics out of our government programs, we’ll never have a government responsible to the voters or a government we can afford.
Report thisBy skulz fontaine, April 26, 2010 at 12:01 pm Link to this comment
Dueling ‘financial reform legislations’ at high noon. Nobody is held to account and
Report thisthe markets win, the American people lose. If the Wall Street clowns can’t stand
on their “free-market” feet, let them die. However, it would be immensely
amusing to see a pud like Lloyd Blankfein dance like a chicken at the end of a
rope.
By Blackspeare, April 26, 2010 at 11:44 am Link to this comment
Selling short was always an individual investment option. When Goldman-Sachs institutionalized it they not only sold the investments short, but also the country. When a large investment bank bets on failure then something is wrong! Investment banks are suppose to predicts success to their clients not demise. I suspect that when a huge amount of money can be made, even if it is below board, then that’s all that counts these days of vulture capitalism. White collar crime is treated more as a misdemeanor that a felony and even today the suit against G-S is civil not criminal——looks like the SEC is protecting it’s own——at least they’re loyal!
Report this