It is absolutely appalling that there has been no change on Wall Street. You would think that after the chaos they caused, and the huge amount of tax payer money they needed to stay solvent and prevent a major national recession, they would accept that they cannot continue as they were. But no, once again they want complete freedom in their markets, no regulation. Trust us, they say again.
This is all in their interest, because when their reckless bets pay off, they make tons of money. When they do not, they keep the money they have already won (see the graphic on where the major players are now - none seem to be hurting). As the article says, "Heads I win, tails I get bailed out."
President Obama needs to get health care passed, then move right away to implementing regulatory changes on Wall Street. The first change, and the easiest, should be requiring the derivatives to be traded on an open market.
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