New Book Says Wall Street Reform Will Only Come If Progressives Push The President

[Omaha Steve]

http://www.laborradio.org/node/12252

Submitted by Doug Cunningham on October 28, 2009 - 4:55pm
Printer-friendly versionPrinter-friendly versionSend to friendSend to friend

A new book takes a hard look at some possible solutions for the economy that the financial sector might not like. Jesse Russell takes a look:

In the new book “The Looting of America, How Wall Street’s Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity,” author Les Leopold outlines how American got to where it is today and offers potential solutions for moving forward. He says the protests this week in Chicago at the America Banker’s Association conference are a good start, because the only way the country can move forward and get real Wall Street reform is if progressives push the President.

: Listening to his speeches like his one on May 2nd about what should happen in the financial sector is excellent, but who’s going to make him do it when all of the pressure is coming from the right and we sit back and say “Obama do it for us” it ain’t gonna happen.”

Leopold said precautions need to be taken now to make sure a similar collapse doesn’t happen again. One of his proposals is to cap pay.

: No one should earn more than the President of the United States until unemployment is below five percent. Cause right now we could go a decade before we get anywhere near full employment.

[YOY]

1. Sorry Steve but they don't give a shit about "Progressives"

It vote for them or vote for the theocrats.

[laughingliberal]

2. Sure, cause when we pushed him on health care we got a great single payer...oh, wait, public option

er...never mind