Those terrifying months in late 2008 convinced me that the federal government needed to play a far more active role in policing the activities of the major financial players in our economy. This finance reform bill will do that.
The Kanjorski amendment is important for the next time a major bank gets into serious trouble. Judging from their current swagger and the slogans you hear from top bankers, we only have to wait a few years for the next bailout cycle.
The economic meltdown we narrowly averted last year rightfully convinced the American people that we need to re-examine the fundamental structure of our financial system. Naturally, Wall Street disagrees.
What if the regulators were better rewarded for their efforts? Much better rewarded? What if they could keep some hefty percentage of the proceeds of every scam they uncovered, every scheme they shut down?