Republicans Gut Wall Street Reforms In Must-Pass Spending Bill

Why can’t we have Senator Warren’s Glass-Steagal for the 21st century bill passed and be done with it? The only product that emerged from the Dodd-Frank Act is the Consumer Financial Protection agency and it has been doing its job very well for five years now, I think everything else contained within the Dodd-Frank Act has been either on hold, still being determined and written or simply ignored; case in point limits on executive pay, still in limbo because the SEC hasn’t gotten around to it yet. What would be so bad if our Justice Department decided to enforce the Sherman Act for once, stepped in and broke up our way too big to exist mega banks. Isn’t it a part of their mandate? If these two measures were adopted, Glass-Steagal and enforcing our anti-trust laws; our financial industry would be brought back under control, instead of the way it is currently behaving,untamed and running roughshod over the economic ecosystem of our nation. Senator Shelby is really behaving irresponsibly, allowing Wall Street to dictate his actions, knowing full well that Wall Street high on easy money broke the global economy and like addicts they need to be restrained, constrained and disciplined to make sure they don’t go off the rails anytime in the future. I am sick and tired of living in a society which seems to readily accept being led around by the nose by psychopathic vulture capitalists, they are ruining our economy, our society and our stability with their two dimensional world view pegging people into either winners or losers. Our democracy was perhaps naively built on something philosophically more perfect, with a more noble goal in mind, but that doesn’t mean that we shouldn’t still strive to achieve their vision, rather than simply accept a society where only the wealthy can achieve, while the rest toil and struggle without dignity or security. There has to be something better than what we have been reduced to after 40 years of a combination of Reagonomics and neoliberal economic and free market ideology. It really doesn’t have to be this way, capitalism in this form is failing us completely, we can choose to do something about it and change our economic system for something more just, equitable and community driven.
read the article:

http://www.huffingtonpost.com/entry/republicans-dodd-frank-financial-reform_55b150b0e4b07af29d5800aa?utm_hp_ref=politics

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