Well, until we, as individual citizens, decide to occupy the facts and demand accountability from those we have placed in positions of leadership, we can pretty much just keep our fingers crossed that those represenative's biggest donor's/sponsor's needs, desires and actions parallel ours (the general welfare and the common good isn't usually at the top of their lists, however).
I have no political affiliation. Being a social libertarian who thinks Tom Paine got it right, and a fiscal conservative with no use for casinos, I'm the odd guy out. That is O.K. If the Republic is being run for the Republic's sake by those with honesty and integrity I can live with the others who would have it do otherwise. What I can't stomach is the willingness for those who swear an oath to the Republic only to serve those masters who have no regard to the safety and well being of the Republic. Being greedy as a pig is no mortal sin, to me. Anyone who desires such lucre as they can acquire seems a somewhat narrow interest and avocation but, hey, whatever floats one's boat, yes? What is treasonous is using the leverage afforded by the cash to outfit the boat with a full compliment of congressional swabbos and collateralized debt cannons to go forth and sink the rest of us.
I think that the 2008 `crash' is still in the process of occurring. I keep seeing those slo-mo films by the National Highway Safety Administration - yeah, there I am, another crash test dummy. I keep hearing the constant plaints about `too much regulation/uncertainty!' Let me tell you that there was SO much regulation in place, in 2008 that, when Lehman's exposures (CDO's and other accounting hijinks) threatened to stop the world's credit markets in their tracks (and it was a close thing), Geithner, then the head of the New York Fed, sent only two `regulators' to the firm and, they did nothing but make a couple reports. And that `genius' (who couldn't get his own taxes right) is now the Secretary of the Treasury - pretty much doing nothing. Chariman of the House Financial Services Committee, Rep Bachus (R ALA), shortly after the midterm elections forwarded a letter from Goldman Sachs to the banking regulators demanding that they not interfere with their `innovation' or they'd move their business offshore. Chairman Bachus stated "We're here to serve the banks". I think there is sufficient reason for disgust by all citizens regardless of their politics.
Remember, we still don't know how much bad paper is floating through the system (or still remains unreported by those institutions that hold it - Financial Services lobby got a change made to FASB - Acccounting Standards- so they don't have to admit to the debt they hold until they sell it - who know how much debt is left by the barons to be `socialized'. And, what do they care? They skimmed the froth off the `Sour Cream' on the front end, i.e., use a subsidiary to originate as many subprimes as humanly possible, get a compliant ratings agency to stamp it AAA (you get what you pay for, right?) and sell the trash to your Aunt Sallie's pension fund (privatize the profit/socialize the debt). This is exactly what Lehman did (and they were not alone - hey, did any of those left standing thank us for propping them up? Exhibit a little humility? Nope, more hubris). One of the reasons that Obama's mortgage plan is so popular with Wall Street: when an entity sells a mortgage to Freddy they swear that it meets acceptable standards - not fraudulent - if it is the `paper hanger' has to eat the whole loss and pay Uncle Sam - refinancing the mortgage wipes the slate clean - pretty sweet, huh?).
Bank of America, just last week, injected multiple trillions of dollars of `uncertainty' (Merrill Lynch derivatives from their Bank Holding Company into their FDIC backed depository - FDIC protested but the FED said, `do it') into our lives, guess who will get to eat the trash if the stuff is as bad as it probably is:
Precis:
http://www.reuters.com/article/2011/10/20/idUS347712244020111020 (link in report to in-depth examination by William Black).
The proposed Republican House budget cuts IT/pers. upgrade money from the Banking Regulatory Agencies (More over the counter contortions in the `level playing field' - hey, buy yourself a congressman who talks dereg. and is looking for money to run some more ads to get reelected.
http://www.c-spanvideo.org/program/300630-1 (at 1:20).
If you have a few minutes I'd suggest watching these two hearings held by the Financial Crisis Inquiry Commission:
The first includes Dick Fuld of Lehman, but he's worthless. Watch William Black's testimony (brief bio:
http://en.wikipedia.org/wiki/William_K._Black ).
http://www.c-spanvideo.org/program/LehmanBro
The second includes Kyle Bass. He tried to warn his former employers at Bear Stearns, as well as the Federal Reserve that bottom was rushing up - they blew him off. He then took the appropriate positions and made a billion dollars (listen closely when he discusses Freddie and Fannie
http://www.c-spanvideo.org/program/MarketPa
The FBI warned of the Subprime Mortgage Fraud epidemic in 2004. 2011? Not a single indictment of anyone directly connected. That is primarily because the perps are `directly connected' to Congressional hands in their pockets (don't forget prez and candidates for).
Write your Sen. Reps: ONLY PUBLIC FINANCING of elections or, `one dollar one vote'. Any and all mtgs with/information transmitted by any lobbyist must be posted as vid/document to congessperson's web site within 24hr. of said mtg./transfer - any office holder circumventing the law? 5 yr. mandatory minimum. That's simple, concrete and utterly reasonable (I'd also suggest demanding that William Black be brought back from UMKC to oversee the people's rebooting of the `free market' wiping away the virus of crony capitalism and regulatory capture).
Can't tolerate Cain's Social Conservatism but, if he had a come to jesus moment and said he'd appoint Black to sweep the decks I'd be most forgiving at the ballot box. Gotta have serious structural reform or my dream of liberty will remain just that, in perpetuity...
We do a lot so right:
http://www.internet2.edu/ we need to purge the Republic of the wrong (gotta quit paying for gambler's criminally inspired and facilitated side bets on the productive economy)
ed: link correction