Liberal Forum

Cannonpointer » 09 May 2014 7:01 am » wrote:
Reinstating Glass Steagall would be nice, as would be putting back the firewall between regulators and regulated. Virtually every regulatory agency that oversees wall street is staffed by insiders who receive sinecures upon their exit.

I would like the regulations on ownership of media back in place, so that six megacorps cannot control consensus reality. I would like the regulatory environment under FDR's game rules restored. For example, I would like regulations preventing people who own shares of oil companies from serving on auto manufacturing boards, since they have a vested interest against high gas mileage cars.

I am not a wonk, but I am well aware that under the old rules, CEOs lived and died by the welfare of the companies they stewarded, and were not allowed to feed upon, rather than steward, those companies. I would like THAT regulatory environment back. In the post Reagan deregulation environment, the welfare of a given company has little relationship to the welfare of the CEO who oversees its demise - and that is certainly detrimental to the interests of investors.

The Bush "too big to fail" doctrine, made possible by abandoning FDR's game rules and adopted whole hog by the democrats including the current administration - I would certainly like to see that discarded. Watching Wall Street directly access the treasury while you defend them and pretend my complaint is based on "envy" - not pleasant.

I would certainly, above all other things, like to see a return to honest money. It might require a Constitutional Convention (we need that to get rid of the 17th anyway), but we need to replace the metal standard with SOMETHING other than the corrupt insider capitalism of the federal reserve bank (I know - I just envy them, yada yada).

But what I would really like is for the federal government to revoke and rescind every law it has which brings Wall Street into being, leaving Wall Street to UTTERLY self-regulate or perish. That does not mean Wall Street would not have laws and regulations keeping its actors in check - just that it would no longer receive special favors from government. They would have to compete with Main Street on a level regulatory field, and whereas access to scads of cash is a major benefit, so is having an OWNER at the helm instead of a potentially nest-feathering hireling. I think many people would put their money into Main Street enterprises, if the government no longer vouched for Wall Street.

Naturally, Citizens United is something I also oppose. I know that you have been told that G.E. is a person, but that's not true. You can google it.

Reinstating Glass Steagall would be nice, as would be putting back the firewall between regulators and regulated. Virtually every regulatory agency that oversees wall street is staffed by insiders who receive sinecures upon their exit.

I would like the regulations on ownership of media back in place, so that six megacorps cannot control consensus reality. I would like the regulatory environment under FDR's game rules restored. For example, I would like regulations preventing people who own shares of oil companies from serving on auto manufacturing boards, since they have a vested interest against high gas mileage cars.

The Bush "too big to fail" doctrine, made possible by abandoning FDR's game rules and adopted whole hog by the democrats including the current administration - I would certainly like to see that discarded. Watching Wall Street directly access the treasury while you defend them and pretend my complaint is based on "envy" - not pleasant.

I would certainly, above all other things, like to see a return to honest money. It might require a Constitutional Convention (we need that to get rid of the 17th anyway), but we need to replace the metal standard with SOMETHING other than the corrupt insider capitalism of the federal reserve bank (I know - I just envy them, yada yada).

But what I would really like is for the federal government to revoke and rescind every law it has which brings Wall Street into being, leaving Wall Street to UTTERLY self-regulate or perish. That does not mean Wall Street would not have laws and regulations keeping its actors in check - just that it would no longer receive special favors from government. They would have to compete with Main Street on a level regulatory field, and whereas access to scads of cash is a major benefit, so is having an OWNER at the helm instead of a potentially nest-feathering hireling. I think many people would put their money into Main Street enterprises, if the government no longer vouched for Wall Street.

Naturally, Citizens United is something I also oppose. I know that you have been told that G.E. is a person, but that's not true. You can google it