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The Spiritual Opportunity Of Our Money Pain I really like this guy , Matt Taibbi, who writes for the Rolling Stone magazine.  He again has a great article this month on the continued  betrayal of the American people.  The article is called “Wall Street Strikes Back” and the table of contents description on Page 5 tells a lot of the story: “Congress looked serious about financial reform until the country’s biggest banks unleashed an army of 2000 paid lobbyists”. In the body of the article, Matt talks about the watering down of the Restoring American Financial Stability Act and ends with a few points that In feel are important to mention here. On the positive  side, the bill will curb some of the predatory lending I have spoken a lot about. But the more important issues the bill was supposed to address, like  breaking up large risky banks, requiring financial giants to set up a fund to pay for their own bailouts, and probably most importantly, forcing the derivatives market to be more transparent, won’t happen in any meaningful way. So the $600 trillion derivatives market will continue to work without the light of day, and that in my mind is criminal. Matt’s conclusion foretells the continuing impact on the American people- “a war the once looked winnable will continue to drag on for years, creating more havoc and destroying more lives before it is over”. So the results of the financial fiasco keep getting put back onto the shoulders of [...]