Is the Financial Reform Bill a Joke?

The financial reform bill which was passed by the Senate on Thursday, 20 May 2010, would create a “council of financial watchmen” whose function is to become an early warning system when there is market trouble. The reason why there is even a bill to create such early warning is because of the past experience when Washington “didn’t see the current financial crisis coming.” But when you really think about this, did they really not see it coming? Or did they just close their eyes and pretended that they did not see it?

Whether they actually saw it coming or not, voices are now being heard that the financial reform will be either a big failure or is only a big joke. Below is a video by The Young Turks who think that the financial reform bill is only a joke:

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This entry was posted on Tuesday, May 25th, 2010 and is filed under World Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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