If there ever was a reason to have complete apathy over government and Wall Street, these following 3 articles will give you a million of them.
TBTF currently is an unofficial policy. Obama is making it a permanent official policy with his new financial reform bill.
http://www.ritholtz.com/blog/2009/10/congress-and-tbtf-%e2%80%93-bring-in-the-bomb-squad/
Congress continues not to listen to dissenting opinions on Derivative legislation. Heck, they are not even listening to the public.
Robert Johnson, director of the Economic Policy Initiative of the Roosevelt Institute, and formerly with Bankers Trust (Blew up PG with derivatives in the 90's, has been extremely critical of the US Government’s handling of matters related to financial services and most notably derivatives legislation.
On October 7, he gave testimony at the House of Representatives financial Services Committee expressing some of his concerns about regulations. Not only was he rushed but his entire testimony was stricken from the records. There is not one mention of his important testimony in the public records. Thank god we have the blogasphere who actually believe in the truth of a representative democracy, because Congress forgot that a longtime ago.
If it wasn't for bloggers like Zero Hedge, Naked Capitalism, Mish, and others, the entire country would be clueless. At least now we 5% of the country who know what actually is going on. I may be joking but 5% is a pretty good starting point for a revolution.
http://harpers.org/archive/2009/10/hbc-90006000
In the end this is outragious behaivior that would have gone unoticed if it wasnt for people who actually think this country is worth a damn anymore.
http://www.nakedcapitalism.com/2009/10/bank-favoring-censorship-in-government.html
http://www.newdeal20.org/?p=5613
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