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View Diary: Banksters' lobbyists writing financial bills to water down Dodd-Frank (21 comments)

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  •  Actually, Dodd-Frank is more ineffective... (2+ / 0-)
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    ozsea1, emal

    ...than it was before....which was "very ineffective," too.

    ...If it were ineffective, there would be no need to water it down...

    "Need to water it down?"

    We're talking about Wall Street, right?

    If the government started taxing Wall St. transactions to the tune of 1 penny per trade, Wall Street would spend tens of millions making sure that didn't happen, and then they'd add a rider to that bill that provided them with a 2-cent tax loophole for every trade they DID make!

    That's the way it works.

    One for them--Shit for you/us--Two for them--Twice as much shit for you/us.

    You're rewriting reality with this statement...

    ...If it were ineffective, there would be no need to water it down...
    And, there's a great deal of truth to the reality that 5 years after the market crash, the TBTF's are more powerful than ever. Inequality' far worse. Organized labor's shot to hell. And, this is BEFORE all the new trade agreements go into effect...which is going to make matters far worse than they've been in at least 100 years (right now, income inequality is ALREADY worse than it's ever been since they first created reliable metrics to measure it...back in 1917...96 years ago).

    So, I don't understand your rationale one flies in the face of far greater, draconian truths.

    "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

    by bobswern on Fri May 24, 2013 at 04:21:44 PM PDT

    [ Parent ]

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