Wall Street Reform Turns Out Great for Wall Street -- Why Aren't the Big Banks Being Punished?

[Donnachaidh]

http://www.alternet.org/story/146990/

The plunder goes on, but Dems will pat themselves on the backs and move on to the next issue, praising half-baked 'reform.'

I was among those initially raving about the passage of the financial reform bill. And now I am just raving.

“Unbelievable,” said one advocate who hoped for the best but expected the worst.

He was amazed it even passed. The wise men in the media immediately began making comparisons with the New Deal. The pundits praised the president and the fact that a handful of Republicans did not just say no this time.

Somehow, even the most hard-headed among us realized that something had to be done to bring Wall Street in line if only because the mood in the country on this issue is practically insurrectionary.

You would think as this 1,500 page “reform” went through (anyone want to bet if its strongest provisions will survive the reconciliation process?) the banks would be quaking in their boots. After all, they funded what President Obama called swarms of lobbyists to kill it at birth. They denounced it with doomsday language with their rhetoric helping to drive the market down. Oh, the fear! Oh, the consequences!

But then, what happened? Were bankers jumping out of windows like their predecessors did when the market crashed in ’29? No way.


More at the link --

[BzaDem]

1. This article seems like it is advocating for reform that promotes more banker suicides.

There are plenty of actual, fact-based, policy-driven criticisms of the financial reform bill to talk about. There is no reason to read this bullshit that apparently measures success in the suicides of people they aren't fans of.

[Donnachaidh]

2. read the ENTIRE article

:eyes:

[BzaDem]

3. I guess my point is that I unapologetically STOPPED reading the article when I read that

and others shouldn't even bother reading any of it.

There are PLENTY of lengthy, valid, fact-based criticisms whose authors don't seem implicitly despondant that more bankers haven't committed suicide. This trash isn't worth reading -- that is my entire point.

[AllentownJake]

4. Sociopaths generally don't kill themselves

The author of the article should know that.