cutting their pay means nothing

[xchrom]

cutting their ability to buy influence and write laws and treaties means everything.

[GreenPartyVoter]

1. I think both sounds good to me.

[marmar]

2. Absolutely the truth......

...... Until corporate money is taken out of the political process, every "tough new regulation" isn't worth the paper its printed on.

[SammyWinstonJack]

3. K&R

[pscot]

4. It's just atmospherics

It doesn't touch the looters at Goldman and Morgan-Chase.

[ThomCat]

9. Right. I want an explanation for why Goldman and Morgan-Chase

get exemptions. Why do they get unlimited pay while sucking the maximum from the public teat?

Why is the Obama administration Packed to the gills with Goldman alumni, and why has he given them control over the entire Dept. of the Treasury and everything related to finance in this country? Doesn't Obama have any clue what Conflict of Interest means? Doesn't he give a damn about his original promises to keep the lobbyists and special interests from power in Washington?

We're all getting sick of watching all this blatant corruption coming out of an administration that was supposed to bring change. :puke:

[SoCalDem]

5. Those "banks" should have been AUDITED first

ALL of it..even the ugly stuff they have been hiding.and then their boards should have been FIRED, and their top management as well.

Economists/experts should have been put in their places, to clean up the mess, and start over...say for a year.

Banks that got their acts together in that year, should have been broken up, and sold off..
The ones that did not get it together..close em..

The whole financial "industry" should have been stringently regulated, and highest paid people paid no more than 200% of the lowest paid.

So what if the tycoons who have been "running" them would not have those big jobs anymore? All they did, earning all that money, was to nearly ruin the world economy and to destroy the lives of untold millions of people whose life savings they stole.

[xchrom]

6. that indeed is what should have happened.

but whithout blocks on their ability to buy influence and real power -- we would visit this issue again.

[inna]

7. instead, the Uber-Mafia got massively rewarded by the US Gov't.

:grr:

[xchrom]

8. and they are using some of that money to buy influence

and more power.

[ThomCat]

10. Audits don't mean anything when you pick and control the auditors

and you get to doctor the terms of the audit and then the results and then control whether they released or not afterward. :grr:

If there isn't any independent, reliable, bulletproof oversight over the banks then audits don't do any good.

But if we can somehow manage to get that oversight in place then the audits can happen, and the audits will be just the first step. Audits plus transparency so we can all find out what the audits really found. Then we can all pull out the torches and pitch forks and really get to work. :grr: