YES WE CAN ACT AGAINST THE BIG BANKS EFFECTIVELY, BY VOTER POWER AND VOICE

Written by Jim McGrath Friday, 22 January 2010 14:16

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OH YES, WE CAN! AS THE PEOPLE, AS THE ELECTORATE, WE CAN FORCE CHANGE AND THE BANKS BACK TO SANITY BY OUR CITIZEN POWER!

It was done before. FDR's New Deal regulated the powerful bankiing interests successfully, until deregulation decades was accomplished, decades later. During all that period of strong regulation, we had no depressions, only recessions.  There was no entire collapse of the system (until now) because that is what happens when we allow bankers and brokers do anything with our money.  All behavior is regulated in order to protect the public from harm, from the food industry to drugs and automobiles.  Why should we make business an exception?  Sceptics say they doubt regulation will help, but it having been done before proves it can be done -- and iIt's high time! Now if these wily legislators, Democrat or Republican, or anyone, dare not to make this legislation tight as a drum, and refuse to close up all foreseeable loopholes (already banks have found them and are preparing to exploit them, read it loud and clear on The Business Insider at http://www.businessinsider.com/big-banks-have-already-figured-out-the-loophole-in-obamas-new-rules-2010-1 )

..Then they will hear from us, the electorate, and whoever is up for election will go down to defeat. We will not tolerate it as our savings, pensions and mortgages tank. We will take it out on their hides, for we will keep watch (we must all) to see who is selling out the entire people and economic system for cash, contributions, or favors now or later as corporate hires. And publicize it. And sound the alarm far and wide.  More than moving our money, we will move these legislators to retirement.