Is anyone surprised that the Republicans ( and, yes, ONE democrat,) are blocking debate on the Finance Reform Bill ? I guess some of you will point to Sen. Ben Nelson to prove that it is bi-partisan opposition. Well, yes, Sen. Ben Nelson, along with all the Republicans, wants to prevent any tightening in the laws governing the sale of “derivatives” (the single most toxic and destructive product in the whole god awful mess!) because Warren Buffet’s Berkshire Hathaway Fund is located in his state, and any such regulation might mean Buffet’s billionaire clients might have to take a hit. The other two major sticking points for the obstructionists?….consumer protection and the government’s right to shut down an institution that poses a threat to stability while using a $50b. fund provided by the BANKS (people!) to pay off it’s obligations while it is being liquidated.
When is this country going to wake up from this fear and bigotry induced coma, and see who the good guys really are? !!!!!
Remember my friends . . . Only Connect