Playing the American Taxpayers as Fools!

I swear I think I need to ‘up’ my blood pressure medication!  I read in today’s paper that all the Republicans in the House of Representatives voted against the bill that just passed yesterday in the House concerning new regulation of the banking industry!  And last week during the debate, they were urging over 100 lobbyists of the financial industries to work harder to defeat the bill!  What are they smoking?

After all we have been through over the last 18 months, which is a direct result of the banks playing fast and loose with money with virtually no regulatory oversight, you would think that at least some of these idiots would agree that there should be some reform in the nation’s banking system.  No!   Instead they fight tooth and nail to preserve a system which could turn on a dime and bring us back to the brink of economic disaster all over again.

Now these morons are telling us that this legislation would limit consumer choices and stunt financial market innovation.  Give me a break!

Financial market innovation and acrobatic financial instruments nearly brought down the banking system, and as far as consumer choices, well excuse me, but do any of you have lots of financial choices now when it comes to mortgages or car loans or credit cards?

As a result of the banking industry’s careless practices and absolute disregard for regulatory controls, we came about as close to a depression as you can get without falling into the abyss.  And now the banks are fighting any kind of reform, maybe because they really liked the billions of dollars they got from taxpayers to bail out their sorry asses, and don’t want us to meddle with that gravy train should they need it again!

I say, “Screw them!”  Put as much control over those greedy bastards as we can.  I want legislation in place that allows the government to split up companies that threaten the economy or just to let them fail if they play loose with our money again, and I want an agency that will oversee consumer banking transactions as well as alert us to shadowy financial practices that risk all our stability and savings.  Aren’t you a little tired of 30% interest rates and vanishing credit lines on your credit cards?

And as far as those imbecile Republican puppets who are working overtime to defeat reform and regulation in our legislative branch of government, remember their names and vote them the hell out of office next November!  In the meantime, yell long and hard at those selfish bastards NOW to back off opposing reform, and start thinking of us instead of themselves!