Financial Reform?

[kentuck]

What should Congress do to reform Wall Street and the Big Banks?

Senator Boxer is suggesting a 50% tax on bonuses from Wall Street. Perhaps that is a good start?

Yesterday, the President was talking about taking student loans away from the banks. Did he sign that bill? That is a big chunk of change taken from the banks, the middle men.

What else could could do? The big banks have become monopolies, too big to fail. Should they be broken up? Should they be protected by the US taxpayers? Should there be a much higher tax on capital gains?

What type of regulations should be in place to keep these people from screwing us again??

[Walk away]

1. Wasn't the student loan bill tacked on to HCR?

[kentuck]

2. If so, that makes it more worthy...

in my opinion.

[Tippy]

3. Yes it is..on HCR

[kentuck]

4. Well, that's a very good start, in my opinion...

I guess if they could take the subsidy away from employers for healthcare, in a similar manner, we could probably succeed in getting a single-payer system, also?

[Walk away]

6. Here is something the bill did that Big Business is squealing about...

...but they can't do much about. It falls under the heading of, "If you did it for $1000 bucks you'd go to jail"

AT&T was receiving a subsidy from the government (our tax dollars) for it's retired employees prescription medical plans. They were writing these plans off on their taxes! (We give them the money and they took the tax cut) and it's been going on for years! How crazy is that??????

Well, apparently, the HCR bill is putting an end to all of that. Oh, we are still giving them the subsidy but now they can't write OUR loss off on their taxes. They are screaming that this will cost them a billion dollars and it is so unfair.


Conservatives are going crazy telling anyone who will listen that HCR cost AT&T $1,000,000,000.00

Here is a nice clear article on the subject.

<http://www.dallasnews.com/sharedcontent/dws/bus/stories/032710dnbusatt.3daf55d.html>

[Tippy]

5. President Obama will sign this bill today......YEA

http://news.yahoo.com/s/ap/20100330/ap_on_bi_ge/us_obama_student_loans

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x253754