Congress Shot Down, Last Night, The Most Important Wall Street Reform Ever Proposed

What is Congress getting right now? A Philosopher’s Stone? The Holy Grail? The Ark of the Covenant? Your ideas are quite welcome. Zach Carter writes on Alternet:

Late last night, the U.S. Senate rejected the single most important element of Wall Street reform by a vote of 33 to 61.

The SAFE Banking Act would have forced the break-up of the nation’s six largest banks, and dramatically reduced the political clout of America’s financial elite.

The 61 votes against the measure are votes in favor of Wall Street’s stranglehold on our economy.

No matter what else is ultimately enacted in the name of Wall Street reform, Congress has decided that it will not confront the single greatest problem in the U.S. economy: too big to fail.

On Wednesday, the Senate also voted down a $50 billion Wall Street tax that would have been used to fund the cost of shutting down a major failing bank. By rejecting both the break-up bill and the bank tax, the Senate has punted on ending too-big-to-fail. For now, it appears that Wall Street has emerged from the Great Financial Crash of 2008 with even greater political might than it wielded during the reign of George W. Bush. In the Citizens United era, both Democrats and Republicans have decided they can only get so tough with Corporate America.

Read more on Alternet

, , , , , , , , , , , ,

  • Word Eater

    And, honestly, nobody is surprised. At all.

    We just shake our head in disappointment and realize it doesn't matter who we vote for. The politicians owe us nothing.

    • tonyviner

      No, but I'd say we owe them something: A nice big #$%& !#@$%.

  • tonyviner

    No, but I'd say we owe them something: A nice big #$%& !#@$%.

  • Stoned Atheist

    We owe our politicians a huge kick in the fucking ass.

    Despite the fact that fox (and all corporate media you right wing idiots), and sadly most of history, has shown us that most people are nothing more that ill conceived copies of their masters, not all of us are.

    If christo-fascists could stop being controlled by shit NOT IN THEIR “holy” books we might get somewhere, but no, for the time being everything is about how horrible fags are, how awful it is to see so many black children, and that liberals are ruining everything (despite the fact that fascists actually go so far to alter text books, much like their beloved bronze aged book… raped by time and fascism).

    Whatever, it's the usual shit.

    A system runs “fine” for a while until people take it too far.

    Since nearly all of the “liberal” media I've seen is christians altering history, calling people like eisenhower liberal, killing gays, killing women, killing atheists, loving torture, loving killing darkies, loving the military industrial congressional pharmaceutical and now banking (as if it was never before) complex…

    fuck it.

    It's only not over if people do something peacefully.

    Otherwise it's faithful fucking over time.

    There is never an MLK until shit gets so close to the edge that only real blood can stop it.

    Unfortunately, just like MLF and JFK, their blood is always the one shed.

  • Mono271

    And this is why I hate politicians on both side. Any idiot who touts one party over another is just as bad as these fools. You think ANY of them have our best interest at heart? Of course not! They're only watching out for themselves, throwing us just enough scraps during elections to get our hopes up that they'll actually do what's best for us, then giving us a big “fuck you!” once their seats are safe.

  • longshuai

    Show your style and charm,The popular is what you want, right?

    girl , Juniors , Accessories ,
    Style Expert: ===== http://www.ongoin.com =====

    We’re always mindful of fashion that’s in it for the long haul – those pieces you grab and go without fail every time, that, like a good friend, just couldn’t be more reliable.

    Though a trendy handbag is a fun choice for, say, an evening out, an everyday bag that meets your everyday needs is a wardrobe must.

    We’re eyeing neutral bags that move from month to month with ease, that suit every possibility with style and that make your life much easier with a host of functional details.

    Check them out:===== http://www.ongoin.com =====

    “ Echocardiography action ” FREE sHIPPING!!!(^.^)

    ,”’╭⌒╮⌒╮.’,”’,,’,.”,,’,”,.
    ╱◥██◣”o’,”’,,’,.”.”,,’,.
    |田|田田│ ”,,’,.’,”’,,’,.”
    ╬╬╬╬╬╬╬╬╬╬╬╬╬╬╬╬╬╬
    >>>——I love you! —->

    sdfsdf

  • Anonymous

    I know nothing about this bill, and coming in from the dark makes me hesitant to express an opinion, but based on what you’re saying it sounds like this bill was just a little early and maybe there will be a bigger fight later.

  • lily

    I know nothing about this bill, and coming in from the dark makes me hesitant to express an opinion, but based on what you're saying it sounds like this bill was just a little early and maybe there will be a bigger fight later.

21
More in Bail Outrage, Banksters, Conspiracies, Corporation Watch, Crime, Economics, Evil, Fraud, Government, Lobbyists, Money, Plunder
Florida State Senator Watches Dog Video, Topless Women Online During Abortion Debate

The local news in Florida captured an amusing video of Republican Mike Bennett's activities on the floor of the state Senate: using his government laptop to surf for soft-core porn...

Close