Financial Regulation Reform

So now that the health care situation is more or less under control (?) legislators are looking to the financial industry. They're looking to put tighter controls on banks and other institutions that like to do crazy risky stuff and bring down the markets or abuse customers in a way that puts and keeps a helluva lot of us in debt.

This is complicated, because there's an awful lot of money tied up in convincing legislators they don't really want to do that. The banks and brokers and investment firms are spending millions upon millions of dollars on lobbyists and the like to keep the government from making any changes.

The House committee dealing with all this already passed a bill, and now the entire assembly must debate and vote on it, possibly by the end of this week. In response, Senator Dodd is deciding to push ahead with the Senate's version, so the momentum doesn't get lost...but in doing so is sacrificing bi-partisan support. Meh.

So if you have feelings on the subject, now is the time to let your representatives in the House and Senate know!