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After Healthcare, The Next Big Fight is Financial Reform

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"We need a jailout, not just a bailout"


NOW THAT HEALTH CARE IS "DONE," IT'S TIME FOR FINANCIAL REFORM WITH A FOCUS ON FRAUD AND CRIME IN THE SUITES

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By Danny Schechter

Author of The Crime Of Our Time

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In Britain, the police are raiding Hedge Funds to bust insider traders. In America, the Hedge Funds are still raiding us, even as public opinion calls for a crackdown on Wall Street. One recent poll, in a nation that seems so divided on everything, showed 82% for aggressive action. 82%!


A new Bloomberg survey says the public wants the government to punish the financial fraudsters. "57 percent of Americans have a mostly unfavorable or very unfavorable view of Wall Street, versus fewer than one-quarter who have a favorable opinion. Banks are viewed badly by 54 percent of poll respondents, and 60 percent have a negative opinion of insurance companies."


In a sense, reformers have won the fight of public opinion, but the financial reform battle promises to be even tougher than the health care fight.

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Why?


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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.

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