I heard about the proposed legislation for more Federal Government oversight of financial institutions.  

The details make all the difference between a bad bill and a terrible bill.   The bill begins as a bad bill, because the Federal Government can’t prevent all future economic bubbles and calamities.   It especially won’t prevent problems like the current one – since the Feds are a major factor in creating the housing bubble. 

I’d love to know the details on what powers are missing today.   Then, look to see how those powers can be corrupted.  As they will be.

Finally, what is that makes any0ne think the government – legislative or executive branch – has the right people to guide financial institutions.  If they were that good, they would be working in the financial institutions – making a lot more money than any bureaucrat. 

The government shouldn’t run banks, or trains, or airplanes, or medicine, or car companies.  The government is barely competent to run wars – which is truly their expertise. 

Follow the money if the legislation becomes law  – and see how BHO and his Chicago thug brand of politicos profit.