OK: How hard is it to "pass" financial reform folks? Bring back Glass-Steagall

[ddeclue]

I mean we had it from the 1930's until 10 years ago when Congress was "persuaded" by the banking lobby that it was "quaint" and was "stifling competition". I guess the real world has proved THAT theory wrong in spades - TWICE.

We KNOW that Glass-Steagall worked extremely well for 60+ years to keep the thieves at bay.

Instead of just vainly finger wagging at Wall Street, Obama needs to have someone in Congress make a motion to bring back Glass-Steagall in its entirety and set the clock back to 1998.

How about some REAL change? Even if it IS "back to the future"?

[depakid]

1. Ask Dick Durbin

"the banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place."

[vixengrl]

5. And so very rapidly they wouldn't own the place with the right measures.

To be very blunt--they just need a moment of Christ-like fury and overturn the tables of the moneychangers over in the People's temple--and get the damn monkey off their backs in the process.

Why?

Because if any of them were ever sincere about helping the average citizen, they should not be beholden to any concern, not even money. It is a chain, I say, a chain around their necks.

So how?

Overturn Glass-Steagal and write a finance-reform bill so tight a thousand cases are written up for the courts the next day. I say termite-anus tight. I say outright reject corporate currency. Rewrite how PACs are handled. And stack the committees well in favor of regulation--

In other words--the banks don't have Congress's ass over a barrel regarding funding anymore, while Congress exercises the courage to keep banking regulated and protects consumers (voters! There is their righteous angle to sell to the press on that spin's way to the public) and the CEO's better figure out what makes Mr & Ms Congress-Person happy. And if they spend capital to do dirt against the sitting members of Congress, a shit-storm called remembering where the bodies were buried and using the bully pulpit and asking for investigations gets used.

I'm not looking for a take-over, even, just a proper spanking so they do business better.

I think the problem would be getting enough bent-over and broken Congress-people to realize what they could do and get a concensus. Although, things could get ugly for the financial world if the worm actually turned.

[sandnsea]

2. Run for office and do it!

I think there's 100 DUers from each of the states that know how to govern better than Obama.

What are you people waiting for!

[ddeclue]

4. I am seriously thinking about running for something in between now and 2014

have to get in a decent financial situation first though...I've worked on a lot of campaigns for friends and helped to get some elected in the last 4 years. Maybe 2012 or 2014 will be my year. Don't think I can swing it in 2010 though.

:P

[sandnsea]

9. So you can't even get it together to run for office

and yet you sit back and say how easy it is to get legislation passed.

Tiresome.

[Hannah Bell]

10. unfortunately, his grandma wasn't a banker, he didn't go to harvard,

& he's not buddies with the pritzkers.

i guess that means he can't hold office: no rich friends.

[ddeclue]

14. Some people are jackasses - what can you do about it?

[ddeclue]

13. whatever.... I can criticize anyone I want - welcome to America - and get over yourself already.

[pnwmom]

11. "What are you people waiting for"? What about you? Are you running? n/t

[sandnsea]

12. I'm not telling Congress how easy their job is n/t

[NoUsername]

3. Exactly!

They should have re-instated Glass-Steagall as a part of the Wall Street bailout bill but noooooo, we couldn't have that. Now they say it will take some time to "craft a bill." Bullshit. The bill was already there and in place so it wouldn't take much to re-instate it. The "Commodities and Futures Modernization Act" needs to be shit-canned as well.

Personally, I'm not holding my breath on either of them.

[inna]

6. exactly! K+4R!

:kick:

[xchrom]

7. makes sense to me. nt

[Subdivisions]

8. If we had a mandate and majority we could do whatevert we want, republican'ts be damned!

Oh...wait...