[P2P-F] "Too Big to Fail" - Amendments Rejected in Safe Banking Act of 2010

Wed Oct 26 10:15:43 CEST 2011

Staying with the same topic , specific amendments reducing the risk of "too
big to fail"
related to the "Safe Banking Act of
2010<http://www.opencongress.org/bill/111-s3241/show>"
have been rejected ( some more details below ).

A case of "Regulatory Capture<http://en.wikipedia.org/wiki/Regulatory_capture>"
to further investigate ?

///

A May 7 2010 reaction by TYT Network :
*"Too Big To Fail Bank Bill Killed By Bought Politicians" *
http://www.youtube.com/watch?v=d8-JXhzXdSU

//

more on the bill that did not pass :

S.3241 - SAFE Banking Act of 2010

http://www.opencongress.org/bill/111-s3241/show

*"It was voted on and rejected as an amendment to the Dodd-Frank financial
reform bill, 33-61."*

//

http://www.reuters.com/article/2010/05/07/us-financial-regulation-size-idUSTRE6460BB20100507

*(Reuters) - The Senate Thursday rejected a proposal that would split up the
six largest banks in an effort to ensure that large financial firms do not
threaten the economy if they fail.*

The measure, which failed by a vote of 33 to 61, would have placed hard
limits on banks' market share of insured deposits and limited the size of
their non-deposit liabilities.
more details :

http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:

https://jischinger.wordpress.com/2010/05/07/senators-who-voted-for-wall-street/

http://www.senate.gov/legislative/LIS/roll_call_lists/vote_menu_111_2.htm
( S.3217 pasted below )

//

before the vote  :

http://www.nytimes.com/2010/04/21/business/21fail.html

http://www.nytimes.com/2010/04/22/business/22fail.html

http://www.commondreams.org/headline/2010/04/21-7

"The bill would *place a cap on any financial institution*, limiting their
total assets to 3% of GDP (that would lower to 2% for banks, as opposed to
3% for non-bank institutions). Currently, *the 6 largest banks have holdings
that equal 63% of GDP*. The Safe Banking Act would also impose a 10% cap on
any bank holding company’s share of insured deposits. Bank holding companies
and “selected nonbank financial institutions” would have a leverage limit of
6%, meaning that they would not be able to lend out more than around sixteen
dollars for every dollar of capital in house."

///

I also believe it is interesting to notice what has been approved, and what
has been rejected ( see below ).

It seems to me that one of the results of what has been approved has been an
audit of some Federal Reserve Accounts :
http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

excerpt :

"As a result of this audit, we now know that the Federal Reserve provided
more than $16 trillion in total financial assistance to some of the largest
financial institutions and corporations in the United States and throughout
the world,"

///

http://www.senate.gov/legislative/LIS/roll_call_lists/vote_menu_111_2.htm

00161<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00161>
20-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Motion S.Amdt. 3739
<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03739:>Agreed
toMotion to Waive All Applicable Budgetary Discipline RE: Dodd Amdt. No.
3739; In the nature of a
substitute.00160<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00160>
20-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Cloture Motion S.Amdt.
3739<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03739:>Agreed
toUpon Reconsideration Motion to Invoke Cloture on Amdt. No. 3739; In the
nature of a substitute.00159<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00159>
19-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt. 3746<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03746:>
RejectedWhitehouse Amdt. No. 3746 As Modified Further; To restore to the
States the right to protect consumers from usurious
lenders.00158<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00158>
19-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Cloture Motion S.Amdt.
3739<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03739:>
RejectedMotion to Invoke Cloture On Dodd Amdt. No. 3739; In the nature of a
substitute.00157<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00157>
18-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
4072<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP04072:>Agreed
toGrassley Amdt. No. 4072; To provide for the independence of Inspectors
General of certain designated Federal entities, and for other
purposes.00156<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00156>
18-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Motion to Table S.Amdt.
4114<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP04114:>Agreed
toMotion to Table Dorgan Amdt. No. 4114; To ban naked credit default swaps
and for other purposes.00155<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00155>
18-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
4071<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP04071:>Agreed
toCarper Amdt. No. 4071; To address the applicability and preservation of
certain State authorities, and for other
purposes.00154<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00154>
18-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt. 4034<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP04034:>
RejectedCorker Amdt. No. 4034; To address the applicability of certain State
authorities with respect to national banks, and for other
purposes.00153<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00153>
18-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt. 4051<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP04051:>
RejectedGregg Amdt. No. 4051 As Modified; To prohibit taxpayer bailouts of
fiscally irresponsible State and local
governments.00152<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00152>
17-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
3986<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03986:>Agreed
toCornyn Amdt. No. 3986; To protect United States taxpayers from paying for
the bailouts of foreign
governments.00151<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00151>
17-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Motion S.Amdt. 4020 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP04020:>
RejectedMotion to Waive All Applicable Budgetary Discipline RE: Crapo Amdt.
No. 4020; To limit further bailouts of Fannie Mae and Freddie Mac, to
enhance the regulation and oversight of such enterprises, and for other
purposes.00150<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00150>
13-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt. 3987<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03987:>
RejectedThune Amdt. No. 3987; To provide for increased Congressional
oversight through a sunset of the authority created under title X related to
the creation of the Bureau of Consumer Financial
Protection.00149<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00149>
13-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
3989<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03989:>Agreed
toDurbin Amdt. No. 3989 as Modified; To ensure that the fees that small
businesses and other entities are charged for accepting debit cards are
reasonable and proportional to the costs incurred, and to limit payment card
networks from imposing anti-competitive restrictions on small businesses and
other entities that accept payment
cards.00148<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00148>
13-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt. 3832<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03832:>
RejectedSessions Amdt. No. 3832; To provide an orderly and transparent
bankruptcy process for non-bank financial institutions and prohibit bailout
authority.00147<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00147>
13-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
3774<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03774:>Agreed
toLeMieux Amdt. No. 3774 as Modified; To remove statutory references to
credit rating agencies.00146<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00146>
13-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
3991<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03991:>Agreed
toFranken Amdt. No. 3991; To instruct the Securities and Exchange Commission
to establish a self-regulatory organization to assign credit rating agencies
to provide initial credit
ratings.00145<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00145>
12-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
3943<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03943:>Agreed
toReed Amdt. No. 3943; To establish a specific consumer protection liaison
for service members and their families, and for other
purposes.00144<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00144>
12-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt. 3816<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03816:>
RejectedChambliss Amdt. No. 3816; To implement regulatory oversight of the
swap markets, to improve regulator's access to information about all swaps,
to encourage clearing while preventing concentration of inadequately hedged
risks in central clearinghouses and ensuring that corporate end users can
continue to hedge their unique business risks, and to improve market
transparency.00143<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00143>
12-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
3759<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03759:>Agreed
toHutchison Amdt. No. 3759 as Modified; To maintain the role of the Board of
Governors as the supervisor of holding companies and State member banks.
00142<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00142>
12-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt. 3955<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03955:>
RejectedCorker Amdt. No. 3955; To provide for a study of the asset-backed
securitization process and for residential mortgage underwriting standards.
00141<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00141>
12-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
3962<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03962:>Agreed
toMerkley Amdt. No. 3962; To prohibit certain payments to loan originators
and to require verification by lenders of the ability of consumers to repay
loans.00140<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00140>
11-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt. 3839<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03839:>
RejectedMcCain Amdt. No. 3839; To provide for enhanced regulation of, and to
establish a term certain for the conservatorships of Fannie Mae and Freddie
Mac, to provide conditions for continued operation of such enterprises, to
provide for the wind down of such operations and the dissolution of such
enterprises, and to address budgetary treatment of such
enterprises.00139<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00139>
11-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
3938<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03938:>Agreed
toDodd Amdt. No. 3938; To require the Secretary of the Treasury to conduct a
study on ending the conservatorship of Fannie Mae and Freddie Mac, and
reforming the housing finance
system.00138<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00138>
11-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt. 3760<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03760:>
RejectedVitter Amdt. No. 3760; To address availability of information
concerning the meetings of the Federal Open Market Committee, and for other
purposes.00137<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00137>
11-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
3738<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03738:>Agreed
toSanders Amdt. No. 3738 as Modified; To require the non-partisan Government
Accountability Office to conduct an independent audit of the Board of
Governors of the Federal Reserve System that does not interfere with
monetary policy, to let the American people know the names of the recipients
of over $2,000,000,000,000 in taxpayer assistance from the Federal Reserve
System, and for other
purposes.00136<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00136>
06-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt. 3733<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03733:>
RejectedBrown (OH) Amdt. No. 3733; To impose leverage and liability limits
on bank holding companies and financial
companies.00135<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00135>
06-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt. 3898<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03898:>
RejectedEnsign Amdt. No. 3898; To amend the definition of the term
"financial company" for purposes of limits on nondesposit
liabilities.00134<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00134>
06-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
MotionAgreed toMotion to Instruct the Sgt. At Arms; An original bill to
promote the financial stability of the United States by improving
accountability and transparency in the financial system, to end "too big to
fail", to protect the American taxpayer by ending bailouts, to protect
consumers from abusive financial services practices, and for other purposes.
00133<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00133>
06-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt. 3826<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03826:>
RejectedShelby Amdt. No. 3826; To establish a Division of Consumer Financial
Protection within the Federal Deposit Insurance Corporation, and for other
purposes.00132<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00132>
06-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
3749<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03749:>Agreed
toTester Amdt. No. 3749; To require the Corporation to amend the definition
of the term "assessment
base".00131<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00131>
05-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
3827<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03827:>Agreed
toShelby-Dodd Amdt. No. 3827; To improve the
bill.00130<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00130>
05-MayS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Amendment S.Amdt.
3737<http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03737:>Agreed
toBoxer Amdt. No. 3737; To prohibit taxpayers from ever having to bail out
the financial sector.00129<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00129>
05-MayPN1246On the NominationConfirmedConfirmation Nancy D. Freudenthal, of
Wyoming, to be U.S. District
Judge00128<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00128>
05-MayPN1341On the NominationConfirmedConfirmation Gloria M. Navarro, of
Nevada, to be U.S. District
Judge00127<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00127>
28-AprS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On
Cloture on the Motion to ProceedRejectedSecond Motion to Invoke Cloture on
the Motion to Proceed to Consider S. 3217; An original bill to promote the
financial stability of the United States by improving accountability and
transparency in the financial system, to end "too big to fail", to protect
the American taxpayer by ending bailouts, to protect consumers from abusive
financial services practices, and for other
purposes.00126<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00126>
27-AprS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On
Cloture on the Motion to ProceedRejectedUpon Reconsideration Motion to
Invoke Cloture on the Motion to Proceed to S. 3217; An original bill to
promote the financial stability of the United States by improving
accountability and transparency in the financial system, to end "too big to
fail", to protect the American taxpayer by ending bailouts, to protect
consumers from abusive financial services practices, and for other purposes.
00125<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00125>
26-AprS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
MotionAgreed toMotion to Instruct the Sergeant at Arms; An original bill to
promote the financial stability of the United States by improving
accountability and transparency in the financial system, to end "too big to
fail", to protect the American taxpayer by ending bailouts, to protect
consumers from abusive financial services practices, and for other purposes.
00124<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00124>
26-AprS. 3217 <http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:>On the
Cloture MotionRejectedMotion to Invoke Cloture on the Motion to Proceed to
Consider S. 3217; An original bill to promote the financial stability of the
United States by improving accountability and transparency in the financial
system, to end "too big to fail", to protect the American taxpayer by ending
bailouts, to protect consumers from abusive financial services practices,
and for other purposes.
Forwarded conversation
Subject: Matt Tiabbi : "If it is too big to fail, it is too big to exist"
------------------------

From: *Dante-Gabryell Monson* <dante.monson at gmail.com>
Date: Tue, Oct 25, 2011 at 8:21 PM
To: p2p-foundation <p2p-foundation at lists.ourproject.org>,
econowmix at googlegroups.com

Matt Tiabbi ( excerpts from video - cnn interview ) :

Break up the banks - No More Too Big to Fail Companies - If it is too big to
fail, it is too big to exist. - Tax Payers should not be on the hook.

http://4closurefraud.org/2011/10/25/matt-tiabbi-owss-beef-wall-street-isnt-winning-its-cheating/

or

http://yourmoney.blogs.cnn.com/2011/10/22/occupy-wall-st-about-class-warfare/

----------
From: *Dante-Gabryell Monson* <dante.monson at gmail.com>
Date: Tue, Oct 25, 2011 at 8:35 PM
To: p2p-foundation <p2p-foundation at lists.ourproject.org>,
econowmix at googlegroups.com

and a continuation on the CNN interview...

http://www.rollingstone.com/politics/blogs/taibblog/owss-beef-wall-street-isnt-winning-its-cheating-20111025

Matt Tiabbi,
excerpts :

"...we hate the rich? Come on. Success is the national religion, and almost
everyone is a believer. Americans *love *winners.  But that's just the
problem. These guys on Wall Street are not winning – they're cheating. And
as much as we love the self-made success story, we hate the cheater that
much more."

"This isn't disappointment at having lost. It's anger because those other
guys didn't really win, and people now want the score overturned.

All weekend I was thinking about this “jealousy” question, and I just kept
coming back to all the different ways the game is rigged. People aren't
jealous and they don’t want privileges. They just want a level playing
field, and they want Wall Street to give up its cheat codes, ..."

continued on
http://www.rollingstone.com/politics/blogs/taibblog/owss-beef-wall-street-isnt-winning-its-cheating-20111025

----------
From: *Natalie *
Date: Wed, Oct 26, 2011 at 2:15 AM
To: dante.monson at gmail.com, P2P Foundation mailing list <
p2p-foundation at lists.ourproject.org>

Cheers & Kudos to Matt for all he’s done to make this understandable for
many Americans.

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