>>>
>>>Bankers being bankers, which is to say lizards, they successfully watered down the financial reform bill and continue to work on watering down the rest. Even after what happened two years ago they want it to be business as usual.
>>
>>Did you read this one ?
>>http://www.rollingstone.com/politics/news/17390/188551
>
>No, I hadn't. I just read it now. His general point seems correct, and has been said by many others -- the financial reform bill could have / should have gone further. I wish he had gone into some detail at the end when he writes "these reforms fail to address even a tenth of the real problem." What is the other 90%?

Derivatives, naked short selling, high frequency trading, credit default swaps, rate swaps etc. It left way to many loopholes for
talented (Mr Ripley) bank lawyers/accountants to exploit.

On a side note, when you read all about that congressional porn going on, perhaps reform of congressional procedures was much better idea to begin with.