Can the Casino Economy be Reformed?
For over a year, President Obama and Congressional Democrats have been threatening to “terrorize” the financial sector by creating new stipulations that would redefine how it operates. However, despite the Democrats’ attempts to claim otherwise, the finance reform bill passed by the Senate on May 20th leaves a number of loopholes open for Wall Street Banks to continue their shady lending behaviors and speculative schemes – the same kind of speculation that led to the financial meltdown in the first place.