You are herecontent / Why The Financial Reform Is Not Much of a Reform

Why The Financial Reform Is Not Much of a Reform


Why The Financial Reform Is Not Much of a Reform
By Danny Schecter | Op Ed News

Washington Post, Some Perks For Wall Street Execs Have Gone UP

"Some of the nation's biggest financial firms have increased the perks and benefits they pay their chief executives, despite the glaring spotlight from a public fed up with handsome bonuses at bailed-out Wall Street banks."

I was among those raving in wonder at the the passage of the financial reform bill. And now, having figured out how little has been done, I am just raving.

"Unbelievable," said one advocate who hoped for the best but expected the worst. He was amazed it even passed. The wise men in the media immediately began making comparisons with the New Deal. The pundits praised the President and the fact that a handful of Republicans did not just say no this time.

Somehow, even the most hard-headed among us realized that something had to be done to bring Wall Street in line if only because the mood in the country on this issue is practically insurrectionary. Read more.

Speaking Events

2015

May 8 New Jersey

May 19 Charlottesville, Va., at screening of Shadows of Liberty at 7 p.m. at The Bridge.

May 30 NYC here and here

August 27, Chicago

CHOOSE LANGUAGE

Support This Site

Donate.

Get free books and gear when you become a supporter.

 

Sponsors:

Speaking Truth to Empire

 

Financial supporters of this site can choose to be listed here.

Buy Books

Get Gear

The log-in box below is only for bloggers. Nobody else will be able to log in because we have not figured out how to stop voluminous spam ruining the site. If you would like us to have the resources to figure that out please donate. If you would like to receive occasional emails please sign up. If you would like to be a blogger here please send your resume.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.