Look What Surprises They Snuck Into The Financial Reform Bill
So just what are those surprises?
Well, first let's talk about what the financial reform law does not do. The financial reform bill was supposed to "fix" Wall Street and the financial system, but it did not do much of anything....
-It does nothing to address the problems with Fannie Mae and Freddie Mac.
-It does not eliminate "too big to fail".
-It does absolutely nothing to eliminate the horrific bubble in the derivatives market.
-It does nothing to reform the organization most responsible for the recent financial crisis - the Federal Reserve. In fact, this new law actually gives the Federal Reserve even more power.
But it does create a ton of new paperwork and a bunch of new government organizations.
Oh goody!
But was there any major law that Congress has passed over the last several years that did not increase the size and scope of government?
That is a good question.
Read more:
http://theeconomiccollapseblog.com/archives/look-what-surprises-they-snuck-into-the-financial-reform-bill
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