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"A government that robs Peter to pay Paul, can always count on the support of Paul." George Bernard Shaw

Monday, April 26, 2010

What are the specifics of the proposed financial reform bill?

Most Americans wanted health reform.  But now weeks after the health reform was passed, very few Americans know what was actually in the new law.

Most Americans want financial reform.  But what do they want?  They want to avoid the chaos that we faced at the end of 2008 when the system almost failed.

But not just any legislation will do the trick.  Just because Americans overwhelmingly want the regulatory weaknesses fixed does not mean that they want what is currently offered.  In fact very few folks actually know what is in the current bill.  So the fact that they want the problems solved does not mean that the current proposals actually solve the problem.

Posted via email from John's posterous

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