Comment Text:
Submitter Info:
First Name: Mark
Last Name: McKennon
Mailing Address: 438 Sixth Ave.
City: Brooklyn
State or Province: NY
Postal Code: 11215
The abstractions of recent years in the financial process has left most small investors, and much of the non-financial public, leery of the calculations taken by Wall Street and its minions. We have seen losses of hundreds of billions, taxpayer bailouts to plug the holes, CEOs that cannot or do not adequately explain the strategies and purposes of many financial vehicles, bonuses given even to those who have worked to push losing propositions, the creation of wealth for a privileged elite but the inadequate funding of many critical needs and new investments in job-creating industries. The taxpayer and small business owner create many of the jobs, and fund the money pools from which Wall Street drinks when they run the well dry, then Big Finance simply takes the money, invests in expensive lobbyists who maneuver against regulations and new taxes, and Americans are far from assured that the '06-'08 debacles of CDOs, swaps, the selling of risky securities, and other financial Frankensteins will not once again result in a near-paralysis of the typical flow of consumer, mortgage, and small business economies as a result of gambling from on high. At that point, expect a revolution because it is doubtful you will be able to embezzle so many millions again without repercussions.
