Financial Reform?

Obama now has a new joke to perpetrate upon the people of the United States-Financial Reform of Wall Street. The only thing missing from this new and exciting proposal is that this reform does not include any controls on the original problem causing the melt-down. No controls for the SEC to perform its intended functions. The SEC is either unable or unwilling to perform its functions. No controls on policticians who have used arm bending methods for loan qualification modification, granting loans to people with no means to repay the loans. No controls on Fanny and Freddie the major culprits in the rape of the U.S. home mortgage market. The most dangerous proposal allows the continuation of selected government business buyouts (bailouts) not based on anything other than the opinions of a couple of people coupled with a new bank roll financed by the citizens of the United States.