The West Virginia mining disaster was caused by deregulation. The CEO of the Massey Energy literally bought himself a judge. Corrupted absolutely, 29 dead later. This is the Reagan Revolution coming home to roost.
Some version of Wall Street reform is going to pass the Senate this week, but before it does, there are still three crucial battles to be waged, all of which would significantly change the way Wall Street does business.
Hold on, let me get this straight: Bush gave the keys to the castle to a marauding bunch of plunderers by gutting every regulatory commission known to man -- and now the country seems ready for the Republicans again? How quickly we forget.
There are two consumer protection amendments getting serious attention on the Senate floor this week, one of them positive, one of them incredibly destructive -- the kind of amendment that can actually sink the bill if adopted.
Some called Beverly Hills financial adviser Stanley Chais an investment wizard, but in reality he was nothing more than a glorified middleman, channeling hundreds of millions of dollars in investors' funds to Bernie Madoff in New York.
How convenient for the judge and the media to paint Bernard Madoff as Mr. Evil, a uniquely venal blight on an otherwise responsible financial industry in which money is handled honestly and with transparency.