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Same story: The government and the banks work together to make feel-good legislation that allows the status quo to continue on. Private groups like BankSimple a

Same story: The government and the banks work together to make feel-good legislation that allows the status quo to continue on. Private groups like BankSimple and Move Your Money are the quickest route to meaningful financial reforms. We can see that we live in a very corporatist state that isn't going to fix itself soon. http://moveyourmoney.info/ http://moveyourmoney.info/

VengefulCynic 16y ago
Sadly, it's the same people whining about the bank bailout who can't see why voting with their savings and loan dollars will do the most good. Sadly, most people are all talk.
- todayiamme 16y ago
  I down voted you because most people simply don't understand what's going on behind the scene. When you don't have knowledge to make a decision you cannot be expected to make the right decision. Try explaining the gory details fiscal derivatives and risk to majority of the population and how the banking system collapse to majority of the population. Like me almost none of them will get it. You need a conceptual foundation to understand the black magic going on over here and most people simply don't have it. This is one of the reasons why people don't vote with their dollars as they are expected to. Moreover, human emotions are overpowering. Give someone the bait of 15X returns in 1/15th of the time with a small paragraph of risk added to the red herring prospectus and watch them jump out of their seats.
  - jimbokun 16y ago
    "You need a conceptual foundation to understand the black magic going on over here and most people simply don't have it." The people executing the trades don't understand them, either.
    - arethuza 16y ago
      Or some know perfectly well what is going on and don't care because of the potential for short term gains.
jbooth 16y ago
This is a bill out of congress, it's not "the government", it's 535 congressmen, with assorted aides and lobbyists. Right or wrong, the Republicans decided they were going to vote en masse against anything the democrats want to do regarding.. anything. This means that the democrats need to get 100% of the votes from within their caucus and allows a couple corrupt senators to ruin the whole process. If we had 100 senators trying to solve problems, we'd be able to get 60 reasonable people to agree on something. When you start with 60 and need every last one, you're gonna have some stinker clauses in there.
- nickpinkston 16y ago
  You're talking about a technicality. Yes, it's not in the executive branch for sure - it's just through the initial part of the legislature. However, if you think both sides (R's & D's) haven't been extremely influenced you're living in a partisan fantasy. Democrats love to talk populism while taking contributions from big everything (biz, banks, unions, special interests, etc). The Republicans do the same shit - they just talk populism seasoned with pro-business themes.
  - jbooth 16y ago
    No, I'm talking about a clear-cut fact. All the standard-issue corruption aside, the current Republican party has made it their official policy to gum up congress completely, hoping that come election-time, they can point to a lack of progress and regain control of the House. It's clear as day. It might even be a good move, from a game theory perspective. Not so much from a "honor the oath you swore when you took office" perspective.

VengefulCynic 16y ago

Sadly, it's the same people whining about the bank bailout who can't see why voting with their savings and loan dollars will do the most good. Sadly, most people are all talk.

todayiamme 16y ago
I down voted you because most people simply don't understand what's going on behind the scene. When you don't have knowledge to make a decision you cannot be expected to make the right decision. Try explaining the gory details fiscal derivatives and risk to majority of the population and how the banking system collapse to majority of the population. Like me almost none of them will get it. You need a conceptual foundation to understand the black magic going on over here and most people simply don't have it. This is one of the reasons why people don't vote with their dollars as they are expected to. Moreover, human emotions are overpowering. Give someone the bait of 15X returns in 1/15th of the time with a small paragraph of risk added to the red herring prospectus and watch them jump out of their seats.
- jimbokun 16y ago
  "You need a conceptual foundation to understand the black magic going on over here and most people simply don't have it." The people executing the trades don't understand them, either.
  - arethuza 16y ago
    Or some know perfectly well what is going on and don't care because of the potential for short term gains.

jbooth 16y ago

This is a bill out of congress, it's not "the government", it's 535 congressmen, with assorted aides and lobbyists. Right or wrong, the Republicans decided they were going to vote en masse against anything the democrats want to do regarding.. anything. This means that the democrats need to get 100% of the votes from within their caucus and allows a couple corrupt senators to ruin the whole process. If we had 100 senators trying to solve problems, we'd be able to get 60 reasonable people to agree on something. When you start with 60 and need every last one, you're gonna have some stinker clauses in there.

nickpinkston 16y ago
You're talking about a technicality. Yes, it's not in the executive branch for sure - it's just through the initial part of the legislature. However, if you think both sides (R's & D's) haven't been extremely influenced you're living in a partisan fantasy. Democrats love to talk populism while taking contributions from big everything (biz, banks, unions, special interests, etc). The Republicans do the same shit - they just talk populism seasoned with pro-business themes.
- jbooth 16y ago
  No, I'm talking about a clear-cut fact. All the standard-issue corruption aside, the current Republican party has made it their official policy to gum up congress completely, hoping that come election-time, they can point to a lack of progress and regain control of the House. It's clear as day. It might even be a good move, from a game theory perspective. Not so much from a "honor the oath you swore when you took office" perspective.