QWANZ

It seems appropriate that after tax day (and a huge Tea Party!) the legislative wheels have been turning towards financial reform. Though the Republicans are screaming foul , claiming that the bill will only lead to more of the financial crisis, people are being asked to choose sides....   >>>

It seems appropriate that after tax day (and a huge Tea Party!) the legislative wheels have been turning towards financial reform. Though the Republicans are screaming foul , claiming that the bill will only lead to more of the financial crisis, people are being asked to choose sides.



The financial reform bill will hopefully end taxpayer-funded bailouts moreso by preventing what had happened from happening again. With the regulation of banks, it is posited that the complex and layer upon layer of debt that created the past financial crisis will be prevented. If we truly believe that the financial crisis was caused by the banks being left alone to their devices, then with a watchdog vigilant at their heels, perhaps the banks will toe the line. And saving the taxpayer the additional burden of paying for something that they probably can't explain themselves.



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