re: #136 ralphieboy

We let ourselves be snookered again. We bailed out Wall Street but demanded no reforms on their part, and any attempt to get them to concede just brings cries that government interference and overregulation will ruin the financial industry.

As if it were anything but a lack of regulation and oversight that led to the initial problem.

When people decide that elections are not going to bring about the results they long for, they take to the streets and get vocal.

In that sense the Tea Parts and OWS are of the same cloth, just cut from different ends of the bolt.

Agreed. My original criticism of the Tea Party agenda is the same with OWS. The bailouts were necessary. It was essential to save our banking infrastructure. Serious banking reform is going to be very difficult under normal circumstances because of the big money involved. In today’s political environment with the obstructionist GOP it’s next to impossible. I’d like to see more serious talk about banking regulations as well as breaking up the large megabanks but I don’t think that’s going to happen.