Financial Reform

Taxation without representation and the idea of less than 2% of working class in congress.Out of control GOP,trying to limit poor and minority votes.No representation.How to fix this problem.Why we fought the revolution in the first place.

Mar 16, 2011 - Introduced in House. This is the original text of the bill as it was written by its sponsor and submitted to the House for consideration. This is the latest version of the bill currently available on GovTrack.

Tim Dickinson in this Rolling Stones article counters the perception that Obama's presidency hasn't delivered on its promises. "This president has delivered more sweeping, progressive change in 20 months than the previous two Democratic administrations did in 12 years...In fact, when the history of this administration is written, Obama's opening act is likely to be judged as more impressive than any president's — Democrat or Republican — since the mid-1960s." It is made even more impressive when one considers that "In his quest for progress, Obama has also had to maneuver against an unrelenting head wind from the "Party of No" and its billionaire backers.

Germany has sparred with its European partners over how to respond to the financial crisis, argued with the United States over the benefits of stimulus versus austerity, and defiantly pursued its own vision of how to keep its economy strong.

Obama signed a bill to try and stop the Wall Street abuses that have been o prevalent.

Gives the reasons that reform would cut profits for companies like Goldman-Sacs, and that the billions would be 1/4 of their profits.

A central idea in the financial regulations undergoing final negotiation in the United States — and in similar initiatives in Europe — is that large banks must draw up “living wills” that should explain, in considerable detail, how they will be wound down in the event of future failure.

New banking reforms and financial reforms will still not end too big to fail.