Regulation Shmegulation!
Just what, exactly does anyone really think our government is going to do to rein in the unalloyed greed that has become Wall Street? Let’s break down the issue:
1 – Wall Street has become nothing more than a machine to make money for ITSELF, don’t ever kid yourself that they have any best interests in mind except their own. Once they were given the opportunity to “gamble,” they slowly dropped all interest in helping the economic engine of this country. The rift grows in America and it’s due, in large part, to the deification of greed led by the Wall Street fatcats.
2 – Wall Street banks, led by the paragon of ethical Wall Street practices (now there’s an oxymoron if I ever heard one) Goldman Sachs, will shove every extra dollar they can get their grubby fingers on at our “representatives.” We know that the first job of any politician is to get reelected and they can’t get reelected in this country without mucho moolah so who are they going to listen to when push comes to shove?
3 – Lip Service, that’s all we’ll get, lip service about regulating Wall Street who will scream about the end of capitalism, and civilization, as we know it while whispering to our congresstoadies that they need the money, don’t they? And you know who they’ll listen to, don’t you?
4 – So we will get a watered down set of regulations that will be emasculated by the courts with little or no REAL change happening. The legislation is short on specifics and long on possible interpretation. Don’t expect much, folks, or you’ll be disappointed.
In the meantime, 25%, a quarter of the people in this country, the greatest country in the world, the foundation of worldwide freedom, the prosperous leader of the free world, went hungry last year. That’s right, a quarter of Americans had to make a choice at one point last year between eating and paying a bill . . . and the Wall Street Fatcats are digging bigger pools, building bigger yachts, and taking bigger raises from our bailout money.
Jobs lost forever, teachers being fired, states and entire COUNTRIES verging on bankruptcy.
Wall Street Sux!
No comments:
Post a Comment