Monday, March 16, 2009


Props. to Rachel Maddow for the title....

FOUR essential things that must be done, and aren't being proposed by the

Administration or Congress (or anyone outside of the progressive blogs):

1) Reinstate the Glass-Steagall Act.

2) Stop the exemption for over-the-counter derivatives.

3) Rescind the Bankruptcy Bill of 2005.

4) Temporary "nationalization" (or call it another word) of the "too big to fail" zombie

banking houses.


Also, get rid of Geithner/Summers; replace them with people who will work for Main St. and the public interest, not in the interests of the plutocratic elite on Wall St. who (along with their paid-for cohorts in government, who lifted regulations above) got us into this mess.

Obama may have been naive to hire them, getting advice that they were "insiders," and only "insideders" can fix this, but then I wonder how informed he is? Easier to believe that Obama has taken a lot of money from big Finance and/or knows he must please them basically to get anything else done.

Nonetheless, Geither/Summers must go!

1 comment:

libhom said...

That's a great list of four. I would add a fifth: a rapid and complete withdrawal from Iraq.