ÂDemocrats in Congress are proposing a billÂ to put real power in the hands of the people to regulate arrogant and over powerful financial businesses. â€œTo big to Failâ€ could become a thing of the past!Â Under the bill, the Federal Reserve could block acquisitions, restrict pay and bonuses and, in extreme cases, order bankruptcy at financial holding companies it finds severely undercapitalized. The power to breakup corporations that re too big to fail could also be included at some point.
This could protect us from having to pay for more bailouts, while holding financial firms to much higher standards.
Right now, these firms can take any kind of risk they desire,, then the we have to pay for their failures while the people that made the decisions can get 100 million dollar bonusâ€™ from their stupid mistakes.
This current system is a totally insane game set up for and by the thieves that work in and run these companies.. Conservatives have spent many years to get it into this situation. After all their main goal in life, is to get rich and to they are stupid enough to believe if the rich get richer they will too. Now that they have had years to rig the system so they can make obscene amounts of money and escape paying taxes, they are settings up the machinery to destroy anyone who tries to stop the rape they have been committing. This attempt at fixing the problem will be fought tooth and nail.
The fact that a black president could be behind the solution, is driving theses rabid dogs top salivate. Good people to stay aware and be ready to stop these people from causing the country to collapseâ€¦we have seen just a sample of what can happen in a conservative controlled economy. If these new measures and others like them are allowed to failâ€¦ the 1930s will look like a frat partyâ€¦. And Hitlerâ€™s regime will look like a cake walk.