Ratigan prescribes real financial reform

Don't be intimidated by high finance or give in to apathy. Financial reform is possible and it does make common sense, but it's not what you've been hearing from most Democrats or Republicans, who expropriate the language of capitalism and profit to keep the government-funded casino going to benefit their rich Wall Street benefactors.

As Dylan Ratigan spells out, real financial reform means:

1) Transparent markets for insurance, securities and derivatives;

2) Real capital (cash) to back up speculative bets -- not the Fed/Treasury/U.S. taxpayers;

3) A tax code that discourages short-term, speculative profits and encourages long-term investment and value creation;

4) And most important: Breaking up the "too big to fail" (TBTF) banks and the "government-sponsored gambling parlor"!

Check it out!


Out of Order
By Dylan Ratigan
November 4, 2009 | MSNBC Morning Meeting

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