The Senate passed a financial "reform" bill today by a 59-39 vote which won't fix any of the core problems in the financial system, and won't prevent the next financial crisis.
The bill doesn't include the Volcker Rule (it wasn't even debated), doesn't break up or even substantially rein in the too big to fails, and doesn't force transparency in the derivatives market.
Read the whole post here.
This web-log calls for the repeal of the 17th Amendment and addresses the hegemony committed by the US Senate. The first significant step to remove the domination and unmistakable corruption deriving from the National Government and the restoration of the Federal is to repeal the 17th Amendment. Americans should fear the steady hegemonic growth by the Senate oligarchy because the US Constitution cannot be spoiled by bombs, the courts, or the President, but only through malevolent legislation.
Friday, May 21, 2010
Senate Passes Faux Financial "Reform" Bill
Senate Passes Faux Financial "Reform" Bill; Washington's Blog
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