US Bank Reform: Another Folly

Who would have thought that the insolvency in Greece would be the blueprint the Obama Administration and its Democratic cohorts in Congress would adopt to lead America out of the Great Recession? Now the Obama Administration and Congress take on financial reform. Another 1,300 page bill that nobody has read, that addresses the wrong problems, and that no one understands. Buried in those 1,300 pages are numerous clauses, sub-clauses, codicils, caveats, and amendments, to say nothing of the rule-making process, that will surely complicate reform and create another giant bureaucracy in order to implement. Where have I seen that before? Oh yes, health care reform. As in health care, the Obama Administration and the Democratic Congress wouldn't do what's needed because of their friends (in this case) the "banksters," and "hedgies," and AIGs. We need Glass-Steagall. We need Banks that are Banks, and not casinos. Is that so hard?