Financial Regulatory Reform / Post Mortem

The Coroner's of Congress are nearing a vote on Financial Regulatory Reform to insure the next collapse in the American economy. The proposed legislation will provide $5o billion dollar insurance fund in a attempt to FIX STUPID. Simply pinning the problems on the Donkey, instead of the system that created the failure.

No doubt all of their focus will be on what happened in 2008, despite the obvious mistakes began in a 1999 party. The collapse may have occurred in 2008, however it was a long foolish road of ignorance, greed and politics leading up to 2008.

The ingredients for our recent collapse included;

1. Bankers who blindly failed to qualify home buyers ability to pay mortgage payments.

2. Government employees who failed to control our borders allowing a second class, sub standard worker. Peons who provided the cheap labor to the Pharaoh's of Wall Street.

3. Wall Street Stock Brokers who bundled mortgages into Houdini Securities and sold these securities as AAA rated worldwide. Derivative. Mortgage Securities indirectly fueled the home mortgage fiasco by creating a false demand encouraging Bankers to secure more bad paper.

4. AIG who wrote phony insurance on the mortgages without any capital supporting the insurance.

5. Rating Agencies who blindly rated the garbage securities as AAA rated.

6.The government regulators who down loaded porn as they were paid from tax dollars and did nothing as the fires of ignorance burned across America.

7. The Bush Administration who condoned and then validated the above theft with 3 trillion dollars in taxpayer bailouts.

There simply wouldn't be a needed reform today if the Bush Administration had obeyed the laws of capitalism and allowed the bankruptcies of the AIG, Big Six Banks and Auto producers.

Capitalism is self cleaning if you let free markets work. Sadly we were robbed of the benefits free markets would have provided to new season investors. Had we let capitalism prevail all of the Big Six Banks , AIG and Wall Street would have gone under and worthy savy investors would take their place for pennies on the dollar. Those people and the problems they created would be forgotten. The Mississippi would still flow South, corn would be planted in the spring and harvested in the fall. The TARP didn't fix anything and it won't bring back the buffalo to the plains either. Instead were forced to deal with the same ignorant fools who devised the scam then profited from same!

The Bush Administration invented a new law of capitalism 2big2fail. We are told if we had not submitted to the blackmail economy, America would slip into a deep depression. The Easter Bunny would not appear in the Spring.

Most Americans are still living the effects of the depression regardless. The only people spared from the losses are those who received money from the taxpayers sweat of Hank Paulsons servitude, double standard, TARP legislation. There are only two classifications to our economy they are; those who are unemployed and those who will be soon. The unemployed ranks are growing as wages fall despite the rosy picture painted by Obama. Perhaps if we focused on our economy versus the Health Care Tax we would be much better off today.

We don't need reform legislation, what we need is to unplug the American Economy from the life support system known as TARP Post Mortem. The patient died in 2008 and should be buried with full honors in Federal Bankrupcy Courts.

Capitalism will deal with the foolish speculators investors and politicians who drove our American economy to destruction..