Friday, July 16, 2010
Wall street reform passes
On Thursday the most broad based regulatory overhaul of the financial system since the new deal. It is a 2,300 page bill that the President will sign into law next week in attempt to make sure that a financial crisis as we had just experienced and one I believe is still happening no matter how much propaganda the powers that be want to spew. I just find it absurdly ridiculous that it takes a crisis like this to finally call for financial reform. After many of the investment bankers lined there pockets and others such as Barney Frank, Geitner, and Greenspan went a long for the ride it is now time to step up and create this reform? The reform may not have been needed to be created if some people were not so greedy. Meanwhile the average American has to try and rebuild, climbing out of the rubble that is the declining equity value on their home, lost wages, mounting debt and lost pride. Now, I get it some of us played into their hands, and shame on us for falling to the corporate machine, but others didn't and still got hurt. Listen "It is what it is" to quote some prominent men that once ruled our kingdom, former President George W. Bush and Patriots football coach Bill Belichick. Lets just hope that we can make a come back and learn from these disastrous lessons.
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