Evidence of Sad Reality #1: Financial "reform" bill is just a shell game--it SEEMS like things are being done

3,000 Pages of Financial Reform, but Still Not Enough

By GRETCHEN MORGENSON
Published: May 28, 2010

FOR decades, until Congress did away with it 11 years ago, a Depression-era law known as Glass-Steagall ably protected bank customers, individual investors and the financial system as a whole from the kind of outright destruction we’ve witnessed over the last few years.

Glass-Steagall was a 34-page document.

The two bills that the Senate and the House are currently chewing over as part of what may be a momentous financial reordering weigh in at a whopping 3,000 pages, combined.

Yet despite all that verbiage, there are flaws in both bills that would let Wall Street continue devising financial black boxes that have the potential to go nuclear. And even if the best of both bills becomes law, investors, taxpayers and the economy will remain vulnerable to banking crises.

via nytimes.com

This is JUST what I was talking about in my "Sad Reality #1" post over on Website666.com. It's also what I hinted at in my post about the new and the old "V" series--what made the original "V" work better was the casting of the aliens as people who looked like us--our politicians pull the same trick. They make us think they are us, even though they are definitely not. And like the aliens on "V" our politicians have an evil secret--they're not really in it for us--they're in it for the cash and the job security, regardless of which side of the revolving door--whether they're in government or the private sector--it's all about self-preservation and self-indulgence.

Posted via web from thepete's posterous