It is so sad it’s almost funny when a majority political party thinks if they name legislation something positive, the negative aspects will not be examined. There is no debate against the fact that our financial services system is damaged. With remaining scars from Goldman Sacs, Bernie Madoff and others, there is a need for reform. However, the democrats’ definition of such as seen through this recent bill begs to differ from what is really required for us to escape the continuing turmoil of recession.

Within this legislation there seems to be 2 factors: New oversight and a “fund” to assist large companies. However, the holes of both these factors shows the real fan of the Democrats, the big businesses, will exit the field once again scot-free. In fact, Simon Johnson of the International Monetary Fund has already stated that the bill will do nothing to get rid of “too big to fail” firms. Even the democrats own treasury secretary Timothy Geithner has stated a bailout is not the way to go in order to assist our continuing recession nor protect shareholders and creditors from losses, the real people who need help.



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