It's Too Big to Punish...

banking imagesThe House GOP leadership “met with more than 100 lobbyists at the Capitol Visitors Center” on Tuesday to form a plan about how to kill financial reform legislation. One lobbyist who attended the meeting told the press that “the message was…the Democratic majority are ruining America, ruining capitalism.”  Let me get this straight: The Republicans are meeting with the lobbyists to make sure that the CEOs and investor class can skim more off of the top of our economy and send more of our jobs overseas, and while doing this they say that the Democrats are ruining America?  This is just as weird as the John Boner's orange spray-on skin coloring.

Too big to fail? How about too big to punish? Over the last several years, some of the nation's biggest financial firms have been accused of cheating or misleading clients and ripping off tens of thousands of consumers, essentially stealing hundreds of millions of dollars from working people's pensions and retirement funds. Despite that, these financial behemoths repeatedly received special exemptions from the Securities and Exchange Commission that have saved them from a the regulatory death penalty of being put out of business - which would have opened opportunities for new and hopefully ethical companies.  We don't need no stinkin' bank robbers in this country; they already run the banks!

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