Shame On Shame.

       Hey, our favorite U.S. Senate is trying it's best to open up the wild west financial markets again.  In the "old West" there were some towns where the anything goes atmosphere prevailed. The Senate is intent on getting back to these good ole days. You know, the days that brought us the Great Recession and other fun in the sun activities.
       Now before you accuse me of being partisan on this issue, let me assure you this is not a partisan event. Sponsors of this new bill are Republican and Democrat.The idea is to put all of the Dodd Frank law on hold while they turn it all over to the White House where it will undoubtedly languish. That's why they chose this approach. In doing so, it will mean that for all intents and purposes there would be no regulation on the banking and investing industries at all.
       Of course, banks and Wall Street would love that kind of situation to exist. It would mean they could go right back to the bad ideas they came up with to make money that got us into trouble in the first place. Now you may think they've learned their lesson and wouldn't do those same things over again. You may think that, but think about this; the Great Recession really didn't cost these bozos anything at all. Those that got into trouble got bailed out and nobody went to jail. At least nobody in management which is all they're concerned about.
       After all, as you may remember, it was decided that too big to fail banks were bailed out and officers of too big to fail institutions were too important to prosecute. That was one decision I couldn't understand at all. What it means is that the folks who can do the most damage and hurt to our people and country are too important to punish. How is that a deterrent? How will that stop these bozos from doing it to us again? Do you remember the old saying; Do me once, shame on you. Do to me twice, shame on me. Well, shame on the Senate. Both times.