Huffington Post

Obama Urges Renewed Focus On Wall Street Reform:

Trying to straighten out Wall Street is like some attempting to climb Mt. Everest by walking on their tongue.

WASHINGTON — Passage of a sweeping overhaul of Wall Street regulations in 2010 was a hallmark of President Barack Obama’s first term. Three years later, amid delays and compromises that critics say have diluted its ambitious goals; the president is trying to rekindle the law’s promise.

There is too much money and too much power connected with the “Money Monopolizer” to make any drastic changes. Wall Street is going to do everything in their power to delay any reform.

Ever since the collapse of Lehman Brothers into bankruptcy on Sept. 15, 2008, a set of rules and regulation were written that were supposedly to be enforced to prevent such a financial catastrophe from happening again.

The rules were written but naturally never adhered to by the big boys. It was Obama’s assumption that the Wall Street Crew would co-operate with him but needless to say they had a different slant on the issue.

So far regulators have missed 60% of the deadlines set forth by Uncle Sam. The guide lines that were written by the governments attorneys are even too complex for them understand. In response to the 848 pages written by the government the rebuttal from the other side was 13,800 pages.

Their strategy as always is to complicate this and other  issues 1,000 times more than it need be to stretch out getting into line with the government’s reform rules.

The first major mistake the government made was bailing out all of these crooked institutions when they deliberately, because of their greed that put them-selves and the USA in jeopardy.

The bailout money was given to them Carte Blanche with no guidelines or restrictions on how to use it. The Wall Street Bandits continued to pay themselves gigantic salaries and bonuses, squandering their “handout” like there was no tomorrow and had little regard on how they spent the taxpayer’s hard earned money.

Let’s face it; money and corruption makes the world go round. Obama it is much bigger than you are.

Wall Street reform – when hell freezes over.