This will be a very tricky and leaky financial reform bill because if you look at the presidency, he hired those network treasury managers who insisted they were not the ones who broke our financial system. But that is not the case here. All these players and bankers are the ones who broke the bank with their stock traders. So my point here is, who is more trustworthy? Is it the U.S. Republicans or the U.S Democrats?
Because the way I analyze this problem is that some of our U.S. congressmen in each party will want to make their personal bankers happy and this will be a big fight in the halls of Congress especially if some congressmen will derail this financial reform bill to favor their side pocket bankers.
But if we just take a look at the bankers who influence our congressmen to pass their favored bills, it’s still a 50-50 deadlock — meaning the Republicans and the Democrats have their own bankers on the side to influence our financial reform bill.
And what’s next? Another battle for the reconciliation reform bill if they don’t agree with each other because they want to win their upcoming election fight this November?
What about the millions of Americans who need their congressmen’s help? Those who lost their 401k, their mortgages, their investments, their savings, their homes, their jobs?
Every amendment implemented by our congressmen came from bankers who will be the real winners because this November, no lawmaker would want to disappoint their bankers who gave them the money to win elections.
So let’s hope and pray that this U.S. president demand from all these U.S. congressmen that they reform our financial system to help all Americans in this financial hard times. Dream on and make it come true because in the land of the free it’s about life, liberty and happiness. In real life reality all Americans are very disappointed, very angry too and we don’t trust our government leaders because they have mishandled, mismanaged and misguided our financial market system.
JACK O. ROMOLOR
Portland, Oregon
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