XPost: nyc.politics, alt.politics.usa.republicans, alt.poltics.obama   
   XPost: alt.poltics.democrats   
   From: nsmontassoc@yahoo.com   
      
   On 5/9/2012 4:42 AM, Obwon wrote:   
   >   
   > Free Enterprise on Trial   
   >   
   > Robert Reich, Robert Reich's Blog: "Wall Street has become   
   > the center of riskless free enterprise. Bankers risk other   
   > people's money. If deals turn bad, they collect their fees   
   > in any event. The entire hedge-fund industry is designed to   
   > hedge bets so big investors can make money whether the price   
   > of assets they bet on rises or falls. And if the worst   
   > happens, the biggest bankers and investors now know they'll   
   > be bailed out by taxpayers because they're too big to fail."   
   > Read the Article   
   >   
   > http://org2.democracyinaction.org/dia/track.jsp?v=2&c=He4vKO9v   
   f7nvPBHwhfkoPZ1mhtF2HUD   
   >   
      
   This is another arena where a different Congress will be required to get   
   anything changed.   
      
   Dodd-Frank needs to be fully implemented and Glass-Steagal should be   
   re-enacted as a start to curb the excesses. Beyond that new legislation   
   would likely be in order to reign in other excesses.   
      
   If republicans win you can kiss off any chance of change. They're hell   
   bent on less regulation with an increased acceleration towards the next   
   collapse.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)