June 28, 2012
I am a retired, small investor whose retirement and net worth was destroyed in 2008, thanks to Phil Gramm's repeal of Glass-Steagall, among other brilliant moves in the '90's. (Such as Clinton's "homes for everyone-no credit check-whether you can afford it or not" campaign). The collection of fools in Congress is just trying to extend the crash of 2008 with ridiculous legislation like this. The SEC needs to stand up to these corporately bought-out jackals in Congress and regulate MORE, not less. If there's ever to be a recovery in this country, common sense needs to be restored to investing and the greed that is so prevelant today stamped out, though all three branches of the Federal Government are acting hell-bent to ensure that's not going to happen. For God sake-stand up for the citizens of this country and not the corporations Thomas Brown