Wall Street Reform Gets A Push From The Left

[cal04]

http://www.huffingtonpost.com/2010/05/03/wall-street-reform-gets-a_n_560561.html

Liberal Senate Democrats who until now were on the sidelines are complaining that a pending financial overhaul bill backed by President Barack Obama does not go far enough to rein in Wall Street's giants.

Some want the legislation changed to break up the nation's six biggest banks. Others would be content to restrict banks' ability to engage in speculative trading or to return to Depression-era rules that walled off Main Street commercial banks and their federally insured depositors from the lucrative investment houses of Wall Street.

To the chagrin of bankers and the White House, they could win some votes as the Senate this week begins considering amendments to a bill that Obama and lawmakers promise would prevent a repeat of the financial collapse two years ago, which set off the worst economic crisis since the Great Depression.

(snip)
"They're just too big," Sen. Ted Kaufman, D-Del., said in an interview. "They're too big to manage, they're too big to regulate."

[Scuba]

1. Anti-trust legislation already on the books... prosecute these guys!

[madmax]

2. And no Club Fed either

send this bastards to prison. A REAL prison.