Republicans are shitting in their own nest.

[kentuck]

If the Republicans plan on using their healthcare template to fight financial reform, then it could blow up in their faces. There is no need for the Democrats to compromise with the Republicans on this issue. The people are behind the Democratic Party, including the Tea Party people. The Big Banks and Wall Street are not looked at favorably by the American people.

Wall Street is lobbying like crazy, even as we speak. There are rumors that Wall Street will give the Democrats the Consumer Financial Protection Agency if the Democrats will ease off on the restrictions on derivative trading. That would be a major surrender and mistake by the Democrats. They should not surrender or compromise on either of those plans.

Republicans are fighting this battle against the winds. Democrats have a real chance to reform the banking and trading system and they cannot pass it up. Otherwise, we are headed toward another meltdown. Wall Street may not like it but it is necessary. We need to tell the Republicans to get on board or get the hell out of the way.

[kentuck]

1. .

one kick for more views.

[gratuitous]

2. Big Finance has be watched

Without strict oversight and tough regulations, Wall Street will continue to loot the wealth generated by the workers. While productivity has gone steadily up for decades, real wages have remained stagnant or fallen behind inflation. All of the wealth generated by more efficient, productive workers has gone somewhere, and judging by the penury of so much of the population it's not going to the working people. But we always seem to be able to have another round of tax cuts for the overrich.

[yurbud]

3. Dems can't afford to make the same kind of deals they did on health care reform

or they will lose the middle as well as their base. They've got to give the uber-wealthy an unambiguous beat down in at least one area where they've acted like a chainsaw waving psychopath in a maternity ward.

[DirkGently]

4. Did you see McConnell's attempt to spin this?

Saw him last night trying to float the idea that any regulation somehow amounts to a guarantee of future bailouts. Regulation = bailouts. Peace = war.

Etc.

:rofl:

[spanone]

5. the party of absolutely N O T H I N G

[Liberal_Dog]

6. Very Well Said. K & R. nt