Is there really a chance, under the new legislation, that what happened to AIG could happen again?! Aren't there enough members of Congress free from the big campaign money contributions coming from Wall Street and the big banks, to make sure that any future bailout money will be tied to rules and regulations about how that money will be used by these big banks? (Hopefully a good portion of it would next time be used to provide loans to small businesses and would-be home owners.) That remains to be seen.
Obama and his administration can scold the bankers all they want, but until Congress passes meaningful financial regulation, the bankers will continue to perpetrate the mass fraud and theft that got our country into this situation in the first place. Problem is, when you have as much money to buy politicians as the big banks have, how realistic is it to expect bought-and-paid-for members of Congress to enact strict financial regulations that will rein in the banksters?
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