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April 22nd, 2010
09:05 AM ET

Cracking down on Wall Street to prevent another financial crisis on your street

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Today President Obama is announcing a financial reform package that he says will give consumes more protection. Some of the principles outlined in the reform plan: put an end to the idea of a bank being too big to fail; allow investors to have more say in the compensation of bank company executives, limit the risks banks can take and create a consumer financial protection agency.

The President and members of Congress are pushing to get the reform package approved later this year.


We want to hear from you. What do you think about the proposed reform? Does it go far enough? Do you think it’s even necessary? Leave a comment and we’ll share some of them on air in the CNN Newsroom, 11am ET – 1pm ET.


Filed under: Tony Harris
soundoff (55 Responses)
  1. Carl

    I'm all for it! This President really earns his money.

    April 22, 2010 at 9:10 am |
  2. sec investigator interview

    The fellow claiming it was a 900 lb elephant in the room lost me. Elephants are commonly 10 to 20 times that size. I also thought he showed his politics too much.

    April 22, 2010 at 9:12 am |
  3. Butch Jordan

    It's absolutely necessary for the United States Government to rein in the greed filled morons who work very hard every day trying to screw every person in the nation out of their hard earned dollars. Supporting them is like doing business with a crime boss.

    We pass a law and they spend years and millions of dollars trying to find a way to get around it. This has got to stop and serious prison time needs to be handed out with great vigor.

    We need to make the banking and investment industry sit up and pay attention. They absolutely disrespected the good will of our President and the entire nation. They feel that they can buy their way out of any problem, and in the past this was quite possibly true.

    A new dawn needs to rise and they need to learn the word respect or face big jail time. I think Bernie needs some company in jail!!!

    April 22, 2010 at 9:22 am |
  4. Michael Armstrong Sr.

    This comes a day late and a dollar short the harm has been done this should not stop here these people have committed a grave crime to this country and should be imprisoned like the bandits they are .

    April 22, 2010 at 9:36 am |
  5. Jean Williams

    The only way the Government will do any good is, if it forces the banks and wall street to STOP rewarding the CEO's, and upper management employee's, that put them into the financial problems in the first place. Anywhere I have worked in my lifetime, when someone caused the company to lose money, they were fired, NOT rewarded.

    April 22, 2010 at 9:43 am |
  6. Ann

    I agree that measures need to be taken to reign in certain aspects of business on Wall Street. However, I wonder what has happened to personal responsibility in this country. Time and time again, I see intelligent people who were greedy too and invested in risky products. Now that they have taken a hit they are whining. While I am sorry they lost money, that is the state of nature for investments. You win some and you lose some. A lot of these people had ample opportunity to take money off the table when their investments were making money. They chose not to. The other day you had a young man who readily admitted that he had entered into an agreement to buy a house. He has the ability to make the mortgage payments. However, he was not making the payments because the house was currently worth less. I call this morally bankrupt. He was not coerced to buy this house. He is just choosing not to honor his word. People like him should never be given the opportunity borrow money.

    April 22, 2010 at 9:53 am |
  7. Steve Gliksman

    If you plastered a new law all over the media that all bank robbers could steal as much money as they wanted with no legal consequences, but in fact get rewarded there would probably be an epidemic of bank robberies,

    It also teaches our children that crime pays and that leads to other problems. Barak is trying to take positive steps in the right direction. No wonder bank robbers are upset

    April 22, 2010 at 10:04 am |
  8. Scott Stodden

    Tony I honestly believe that America and the Goverment need to stand up to Big Banks and Wall Street and say the American taxpayer isn't going to take it anymore! We all remember when Wall Street and the banks almost failed back in 2009 and the goverment had to bail them out with taxpayer money and yes Tony they have all paid most of it back but my problem with the financial reform bill is why would they want to set aside $50 billion dollars in case if Wall Street or the banks fail again and where is that money going to come from? If Im wrong on the amount Im sorry but that's what this about, its a financial reform bill where the Goverment will set aside a certain amount of money in an account in case something like the collapse of Wall Street and Big Banks happens again, I want to know where this money is going to come from? It has to come from somewhere and the American people should all know about what is in this bill and how its going to be paid for, is this just majic money or what?

    Scott Stodden (Freeport, Illinois)

    April 22, 2010 at 10:04 am |
  9. Mark

    Aren't we being a tad hypocritical here? None of us was complaining when these risky maneuvers were driving our 401k's through the roof but now that they went south, what evil people they are? Wall Street is about risk, and that means both rewards and problems.

    April 22, 2010 at 10:12 am |
  10. Sam

    Reform is needed ,but why are Freddie and Fannie left out of the reform? It looks too much like politics as usual. Punish your enemies,reward your friends.

    April 22, 2010 at 10:14 am |
  11. dusty

    You asked for comments about how we feel about this reform package.

    This package is no different than the health care package. I don't really know how I feel because there are so very many different and conflicting opinions (reports) about the consequences.

    I believe reform is required but what reform. Does this reform package do the job. Who knows.

    I hope it works better than the health care package is going to.

    April 22, 2010 at 10:15 am |
  12. Maxwell

    Tony,

    It's important that CNN bring to the attention of the viewer that wall street reform on derivatives, at least the reforms recently passed in the Senate Agriculture Committee, will force certain over-the-counter-derivatives used by end-users to hedge risk onto exchanges or clearing houses. These financial products are placed on physical commodities, such as the price of aluminum, corn, or chocolate to insulate the swings in commodity price from consumer prices. The tools never caused a systemic risk to the economy, and the bipartisan language proposed by law makers in the House Agriculture committee allows end users to operate outside the clearing houses. Keep in mind, every time a OTC derivative is pushed onto a clearing house, it costs the business millions of dollars – in this case, for no reason. It does however, make a lot of money for the clearing house, which then becomes a target of systemic risk since it is used by ALL derivatives users in the market, which is a lot!

    I agree with reform, but lets not throw the baby out with the bath water.

    April 22, 2010 at 10:17 am |
  13. Millicent J. Aynes

    I'm all for the financial reform! It cannot happen soon enough! Those who need to exploit investors to make a living need to find honest work. Those who service crooks to make their living need to cultivate a clientele elsewhere.

    April 22, 2010 at 10:20 am |
  14. Karan Mahaffey

    Tony-

    Wall Street needs to be thrown out and and new plan with accountability to those of us whose money they are using.

    However what terrifies me is that the person we are trusting to do this is Mr Onama who has yet to make even a minor change. I speak from knowledge as one of the people on unemployment and worry every month if he is going to take the money from that, I've been waiting for a loan mod under the hope for homeowner for a year and my heathcare I can't even explain in a reasonable space. Mr Obama took a million dollars from Goldman Sachs for his campaign we who are struggling not to be on the street could use that. But is this the person this country is confident in to rebuild our financial world when he can't provide bsic laws to care for constituents.

    April 22, 2010 at 10:21 am |
  15. Donovan Campbell

    It is high time we realize that the good of america and the good of wallstreet fat-cats are not the3 same...... the practices of sellinmg weak stock to americans is fraud and the placing of derivative "bets" on the same is insider trading. Goldman-Sachs' stock was engineered to rip off low-level investors, and while the practicve is legal, it is not good for the common joe on the street. This is just another way for the rich to get richer, and the poor to get poorer. BRING ON the Reform Bill!

    April 22, 2010 at 10:25 am |
  16. TRB

    The original mission of Wall St. was to create Jobs here in the USA. It has strayed off course and become similar to a casino run by insiders who get rich by luring the main street worker to invest, then when the pot is full they remove it from the table divide it up and go buy another house and Mega Yacht.

    April 22, 2010 at 10:26 am |
  17. Steve Gliksman

    Wall street is like a giant casino, an international craps table or roulette wheel. They estimate about 97% of the people loose money because they normally buy high and sell low, instead of doing the reverse.

    If people want to gamble that's their business, but the issue is that the casino owners have been caught with their hands in the cookie jar, they've been caught RIGGING THE GAME.

    Worse than rigging the game, they also get tax payer bail outs when they aren't able to steal as much money as they like, or should I say, when they can't steal enough to satisfy their greed they demand that the tax payer give them more money.

    And what do they do with all this extra billions of dollars taken from tax payers? They give themselves extra billions in bonuses.

    The GOP argues that it's anti-american, anti-capitalistic and irresponsible to interfere with their illegal escapades and we know that the GOP can be EXTREMELY PASSIONATE in their demands to keep the government out of their business.

    It's socialism when you try to impose laws against bank robbers, they tell you, as they wave the red white and blue in your face.

    The question is do you believe them any more, or do you believe what your own eyes see and your own ears hear? Do you use common sense and intelligence in your assessment or is thinking with your brains something you feel is unpatriotic.

    May God help us

    April 22, 2010 at 10:32 am |
  18. Angie

    First off, Our Government had a law for regulating the Financial industry. It was pass and put into motion because of the Great Depression. That law was called the Glass Steagall Act. It worked great for about 50 decades.
    But then the Republican controlled Senate and Congress under Reagan during the early 1980's decided that they felt those regulations were too constricting on the Financial Industry, So the Republicans Repealled the Glass Steagall Act. In other words Republicans decided that it was good for business to allow the Fox to guard the Hen House.
    Well, we all know what has been going on since. In the Late 1980's we had an economic crisis which everyone decided to forget. And During 2001 through 2008 we ignored the signs completely.
    And now, here we are, realizing that Repealling the Glass Steagall Act was the biggest mistake of a venture that the Republicans ever did.

    Second, The Financial Reform Bill forces the Financial Industry to create a fund that they themselves have to finance. There is NO government money nor any taxpayer money going into the Financial industry fund which they have to create according to the financial reform bill. There will be no free ride for the Financial Industry at all.
    And that is why they are fighting it so hard.
    That fund will only be used, according to the Financial Reform Bill, for the Financial industry of Corporations and companies and banks to pay for the messes they create when they destroy the economy.
    The financial Reform Bill will also put the regulations, laws for the financial industry to follow. When they break the laws that are being put back into the books, it will be considered a crime just like it used to be. And they can be charged with a crime, just like they used to be. And the hands of those regulating the Financial Industry will NO longer be tied.

    April 22, 2010 at 10:37 am |
  19. Pat Rogers

    Tony,
    Wall Street is making billions gambling. This is no different than the bookies in Las Vegas taking bets on a football game, except that here only the rich guys can play! How 'bout letting everyone play! At least the Mafia took bets from everyone........and didn't except taxpayers to bailout the losers!

    April 22, 2010 at 10:51 am |
  20. Dan

    What's next? The government will tell you what you can eat, not to smoke or drink, and probably will eventually get to the point where they will tell you what toilet paper is good for you. Where do we draw the line?

    April 22, 2010 at 10:51 am |
  21. Shane

    I think this is great! Finally we have a President who is actually doing something. Contrary to the cynics, change has come to America. Healthcare reform, Financial Reform, these are just the beginnings of 'Change'. I feel proud and better about my country already with the brave issue this president is tackling in the face of big money Washington.

    April 22, 2010 at 11:32 am |
  22. J Wilkinson

    Hi Toni,
    I think the President is doing a great job. Dems are doing a great job of focusing on Wall Street now that Healthcare is passed. I hope they can clean up the mess that was created without regulation. The old administration simply turned their head while the rich got richer through crooked schemes. I look forward to watching some of the Fat Cats fall in public view. I know a young person who got soooo extremely rich from trading CDO's and CDS and it was obviously not all on the up and up. The rest of us have to pay for it with lost jobs, reduced pensions and higher taxes.
    Thanks,
    John

    April 22, 2010 at 11:34 am |
  23. Genesis A. Slaughter

    Hey Tony,
    I enjoy your program whenever I have time to just sit and watch. You liven up the day! Thanks for the Skin Head Confession story on 4/19. Very enlightening! Thanks for your take on the every day American, the money and Wall Street. Why do the brokers believe that the average person is beneath them? We can think and decide. Many are now researching more and getting involved because of all the "back door" games that have been played. It took this to wake everybody up!

    April 22, 2010 at 11:47 am |
  24. jonathan sauer

    Tony is doing a good job on this story. He is not letting Republicans hide behind their talking point falsehoods. I hope this is a new trend in CNN.

    I'm tired of watching idiots from the right saying whatever they want on CNN without any consequence.

    Challenge their ridiculous arguments. Don't give them the last word when that last word is just an unsupported rightwing talking point.

    Good job Tony.

    April 22, 2010 at 12:03 pm |
  25. stevie g

    Way to go Tony, its about time that an interviewer didn't sit back and let their guest go unchallenged when they said something and couldn't back it up. Your interview of Congressman Issa should be mandatory viewing for ALL interviewers. He tried to insinuate that the SEC was politically motivated in their treatment of Goldman-Sacs and you did what a real journalist should do, you asked him to back his claim up. He couldn't. If everyone in Media started doing this, we would be much better off.

    GREAT JOB

    April 22, 2010 at 12:06 pm |
  26. france

    Hey Tony – that senator/representative (whatever) oily politician is sooooo mininformed. Has no one told this fool that TARP worked! Oh and BTW – I work in the home finance world and there are NO (read: NONE) loans being offered at 100%. What a goose! People voted for this turkey. Pass the feathers!

    April 22, 2010 at 12:09 pm |
  27. Carrie

    Hello Tony,
    Again our President is taking charge and working to reform the banks / Wall Street and they way they do business, I just heard Congressman Darrell Issa on your program he doesn’t make any senses at all, of course he is a Republican nothing is new anymore all they do is disagree to disagree,

    April 22, 2010 at 12:12 pm |
  28. Mike

    Republicans led the economy In to a recesion got us too debt. Now wich we are trying to recover and move on. Its Seems they don't,Im thinking they are holding a grudge on the Democratic Party because their receiving all the credit. We are not guna be able to Move on until the Republicans stop actin selfish and start thinking more of the economy and less of them self.

    April 22, 2010 at 12:24 pm |
  29. Lloyd Levy

    "Would financial reform have stopped the Goldman Sachs scheme?" Ali Velshi and Christine Romans considered this question on today's Newsroom. Their answer? Not through any provision directly applicable to proprietary side deals. But consider this 4/19/2010 entry from the TAPPED blog, published by The American Prospect. Their argument is that four proposed rules "would make the scheme less likely to work and more likely to be detected." It seems to me that's what good regulations are supposed to do in our system. I recommend reading the TAPPED analysis.

    April 22, 2010 at 12:31 pm |
  30. Roger Fontaine

    Hey Tony!
    My very first time.. I'm over 60, Did my time in Viet Nam, I raised a family and watched our Politicians grow wealthy from the many companies who insist on having their way by throwing money at all politicians.
    I watched your interview with Darrell Issa. in all of the hot air he blew at you I did not hear one Idea from him that would be better than what the democrats are offering. Looks to me like; they (republicans)are all just letting someone else (Democrats) do the work. and come out of the cracks in the walls when something goes wrong or they can find something to moan about.
    The only people we have to keep these bums in line and honest are those like you and others on CNN.
    Sincerely,
    Fedup and Discusted

    April 22, 2010 at 1:05 pm |
  31. Don

    I don't know about the bank reforms or not but I've just found out that the Federal Government has mandated companies to list jobs online for people job searching that are not even open!!!!! I found this out by calling my old company, Reebok, who had 3 management jobs open that I would have put in for in a minute to get back to work......they told me that the jobs are not open, they have to list them as possible openings due to a new federal law. Is this supposed to give the impression to us that there are jobs opening up all around us now or to fool us into thinking there are job openings we might be eligible for? What is this law supposed to do ......it should be illegal to list job openings for jobs "not" open or available and, now, as we do post resumes or try for jobs.....how do we know that we're even going to be looked at if the job openings are false? Can't someone look into this??

    Thanks
    Don

    April 22, 2010 at 3:14 pm |
  32. TonyInLaro

    I want my pension and IRA safe from the fraudulent hocus-pocus that the Wall Street brokers used to make everyone believe that they were making great investments just so they could cash-in on million$ in commissions immediately on supposed long-term gains which they knew would never happen.

    I don't care that the Wall Street Brokers and Tycoons agree or not with the new regulations that will be put in place by the Obama Administration. For me those regulations = protection for my funds and I'm all for that. Anyone who doesn't want protection for their funds is a puppet or parrot of those who are not interested in helping them at all.

    April 22, 2010 at 8:38 pm |
  33. jl hale

    I agree that there needs to be changes but don't think leaving out Fannie and Freddie who are backing most of the home loans in the country is the right way to go. Seems like this is headed the same way as the Stimulus: Let Fannie and Freddie continue speeding on down Main Street while putting brakes on Wall Street . It's all about political power and posturing.

    April 22, 2010 at 11:15 pm |
  34. Gregory Huss

    Well, It looks like Mr. Obama & his liberal friends will get their "just do" as his new "FAMOUS" healthcare bill will now cost 4 million people fines since they won't be able to get/have healthcare insurance. Thank you Mr. Obama for such wisdom, but you already "knew that the CBO and HHS would come out with this report...you just "ignored" it so your "ego" could pass the famous healthcare bill. What's next? more spending so that our "great-grandchildren" can still be paying? More "lies" to the American people? Once, just once I'd like to see/hear you give a "straight" yes or no answer...but you can't, you don't know how.

    Greg

    April 23, 2010 at 1:28 am |
  35. Gregory Huss

    When the govt learns how to control the spending of their own money, then I'll give an honest response, till then this bill will do nothing to help anyone. It doesn't include Freddie Mac or Sallie Mae and they had to bailed out twice already. Does anyone really think Wall St. is going to let obama pass anything that will "hurt" them? please, let's get real here. This reform is just a "plug" for obama to say that he did something when, in reality it will have no real effect on the banking industry as most have already stated.

    April 23, 2010 at 1:33 am |
  36. John Tyler Erie, Pa

    I think it's time for some regulation of the financial markets. The rest of the world markets are watching to see what's done here. I think we should take the lead and the rest of the world will do the same. We can't afford not to put some type of protection in place. This still doesn't guarantee that everyone will make money in the stock market but it should help avoid the selling of toxic investments that have affected so many working people.

    April 23, 2010 at 9:08 am |
  37. Jeanne C Rakowski

    A general comment from an "old, watcher". – Too many mouthy, giggely Women having loud, mouthy comments and rudely interupting the men commentators. Like Sarah Palen, their voices are shrill and annoying and their opions, (mostly) come from "empty vessels" Sorry girls, but we prefer to hear a calm, intelligent man's views & opinions of the news. Stop the on air "Tea Parties", please.

    April 23, 2010 at 9:37 am |
  38. Jeanne C Rakowski

    Our duly elected President is and has been working harder than most in the short time he has been in office and I commend him and love him. Maybe we should learn to work with him instead of critising, and give that man a break. He sure was handed a mess! Do you have better ideas? He has asked to hear them.

    April 23, 2010 at 9:43 am |
  39. Sam Sapp

    Tony... Are you kidding me??... Since laws were put in place to prevent the banks from failing. Financial institutions wore blinders and loaned to anyone breathing.... Americans shouldn't continue to suffer because banks have a "no fault" policy on lending and bad debt.

    April 23, 2010 at 11:00 am |
  40. Johnny

    Why are all these people crying about Arizona's new law? Everyone saying that the law, there, should be going after the law breakers like murderers, rapist and theives. To me, if you are in this country illegally, then you are a law breaker just like all the others. A law breaker is just that, a law breaker. It's not like a game of horseshoes where you can win with the closest horseshoe. Also, if you have to show your green card, so what. Let all the people in this country illegally go back to their home country and apply for immigration papers, get a green card, and then they can keep it with their drivers license. That is something we all "HAVE" to carry if we want to drive.

    April 23, 2010 at 11:40 am |
  41. Angie

    Who are fighting the Financial Industry Reform the hardest?
    It is the Financial companies, banks, wall street and Republicans All claiming the Financial Reform bill is bad for business.
    Who fought the Glass Steagall Act? The Financial companies and Republicans all claiming the 'GSA' was bad for business and tying the hands of the Financial Industry. But by repealing the GSA, the hands of the Regulators were tied instead.

    However financial industry hands were already untied 20 years before the GSA was repealed and their business was already flourishing with the Depository Institutions Deregulation and Monetary Control Act was passed in 1980. What was that about? Most of it was a good for business growth which our banks and financial companies prospered without destroying the economy.
    1) It gave Federal Reserve greater control over Non-Member Banks.
    2) It forced ALL BANKS to abide by the Fed's rules.
    3) It allowed banks to merge.
    4) It raised deposit insurance of US Banks and Credit Unions to 100,000.
    5) It allowed Savings and Loans, and Credit Unions to offer checkable deposits.
    So far it sounds good from a business point of view and was beneficial to consumers. But the last two felt more like high-way robbery to the consumers.
    6) It removed the Federal Reserve Board of Governors to set the interest rates of Savings accounts.
    7) It allowed Financial institutions to charge any interest rates they choose.
    Oops, not a good idea for consumers. The Fox guarding the hen house. And you thought that high interest rates was a recent thing? Nope it's been going on for 30 years now. You were just sleeping.

    Obama is right to push for the Financial Industry Reform Bill. The Financial companies and banks have already proven for 30 years that they cannot be trusted to govern themselves. We need to put a stop to their corporate greed and fleecing of Americans. Time to stop it, before it gets even worse for our children and grand children.
    The financial industry reform bill forces the Financial companies, banks and wall street to create a fund which them have to put their own money into the fund and only use for the economic mess they create. There is no government or tax payer money in that fund at all. There are regulations, laws that they have to abide by. There is no more tying the hand of the regulators.

    April 23, 2010 at 12:08 pm |
  42. ken

    The obama reform is a joke. It does not and wil not end too big to fail because it does not break up large banks. It does not and will not end the 600 trillion dollar derivatives casino. It does not and will not stop investment banks from becoming commercial banks. It does put bernanke and geithner in charge of the consumer financial protection agency. These are the two crooks who helped to create the financial meltdown. They are two wolves guarding the consumer chicken house which will reside in the federal reserve. The federal reserve works for the banks not consumers. The fed is the agency that loans out taxpayer money at 0% interest to banks so they can charge consumers 17% for credit cards and gamble taxpayer money in the derivatives casino. Obama says a lot but it is all bs .

    April 23, 2010 at 12:50 pm |
  43. uk

    Horse latitudes with the thieving barnacles i say

    April 23, 2010 at 3:11 pm |
  44. Dick

    Who in the government is getting the $16.5m fine from Toyota?

    April 23, 2010 at 3:14 pm |
  45. TonyInLargo

    Sam, the studies of the problems encountered have revealed that while there were regulations in place, there was a need for more auditors to inspect transactions. i.e. there was no oversight. My understanding is that this will be dealt with, along with the new regulations.

    April 24, 2010 at 1:04 pm |
  46. jimmy

    I second the motion of MR Butch Jordan.

    "It's absolutely necessary for the United States Government to rein in the greed filled morons who work very hard every day trying to screw every person in the nation out of their hard earned dollars. Supporting them is like doing business with a crime boss.

    We pass a law and they spend years and millions of dollars trying to find a way to get around it. This has got to stop and serious prison time needs to be handed out with great vigor.

    We need to make the banking and investment industry sit up and pay attention. They absolutely disrespected the good will of our President and the entire nation. They feel that they can buy their way out of any problem, and in the past this was quite possibly true.

    A new dawn needs to rise and they need to learn the word respect or face big jail time. I think Bernie needs some company in jail!!!
    "

    April 24, 2010 at 1:18 pm |
  47. Bernie From Toronto

    Hi Tony, just saw your brief report about the Goldman Sachs case; Reform is certainly needed, however, the 'wall' protecting Wall Street is stronger than those protecting Fort Knox. Just look at the backgrounds of people in Government in high financial/treasury positions and then try to sell impartiality to the American people. It will need someone like you and your resources to keep reporting on it.

    I hope that your President, the House and the Senate have the willpower and support of the American people to do the right thing about reform. Time will tell, won't it?

    People on Wall Street are there to make money, plain and simple. That's what they do. Give them a rule and they'll find a way through it or around it...much like tax planning. They have to have regulations on the trading of any and all market transactions...and even then, it will continue to be a dynamic process.

    An interesting guest for you would be Andrew Ross Sorkin, author of 'Too Big To Fail'; according to others on Wall Street, those brokerage firms were trading for their own accounts, not just on behalf of their clients. Again, like in the Madoff case, the information is probably out there; I can't help but wonder if anyone really wants to uncover it.

    I encourage you to keep reporting on this most interesting topic.

    Thanks for all that you do. Best regards, Bernie

    April 26, 2010 at 11:12 am |
  48. MIchael

    i pray some reform gets through, but the rep. only want to make obama fail to regain power for themselves they sicken me

    April 26, 2010 at 11:57 pm |
  49. Jack

    The government is finally opening the lid on the worst event in our collective lives, and CNN is giving it minimal real-time coverage. Have you decided we are unable to make our own judgements? Thanks for the editorial comments but no thanks- just show the news as it's happening -please.

    April 27, 2010 at 10:20 am |
  50. Scott from Florida

    Why is nobody talking about the link between GS and Obama? This is just a dog and pony show for the cameras. Obama is in their pocket and a little negative media attention is nothing.

    April 27, 2010 at 10:25 am |
  51. Joyce Baldwin

    Please, Please, keep reminding the people out there that
    this Wall Street bunch, has affected "everyones" 401 K.
    We are told, time and time again, to save our money by the experts.
    Yes, Yes, there should be reform.
    Everyone in Congress, should be told to get off their duffs, and
    get the reform started. For Gods sake this has affected the
    welfare of our country.
    CNN keep an eye on the SEC. As far as I am concerned,
    they have allowed some gluttens to feed at the money trough
    long enough. If the laws are so vague, then Congress needs
    to act. Lobbist be dammed.
    If you want a new United States of America, then, ban the
    Lobbist from Washington.

    April 27, 2010 at 10:44 am |
  52. Rick marino

    Tony,what we need to do is connect wall street to the homeowners like me , I was making 2payments a month to get ahead. My mortgage company raised my mortgage payments thru an arm mortgage and sent my payments back then called my note, they had picked up back property taxes and told me I owed them 90 k they wouldn't take my payments, who orchestrated this move and was it simultaneously done to other people, they wouldn't negotiate. Who benefited?

    April 27, 2010 at 11:05 am |
  53. Jake from Idaho

    I am an American born, free and white. Yet I still have to get a Social Security card, register for the draft I am disabled, when I turned my drivers license in my state(Idaho) required me to get a state ID card. If any one is stopped for a VALID reason, he should be required to show some kind of ID to prove who he is. If asked you can make up a name and say you are any one. I SUPPORT THE NEW IDEA. It should become law in ALL the states.

    April 27, 2010 at 11:53 am |
  54. Pat

    110% support for Arizona and their pro-active stance. We cannot afford to support illegal immigrants from any other country. We cannot afford to embrace them as individual states, or as a whole, as America. All states need to unite. Once that is done, and the word gets out, the illegal immigrants will not choose the USA as their new home- to get a free ride – while everyone else supports them. This CHANGE will be one of the largest contributations to our failing economy.

    April 28, 2010 at 10:51 am |
  55. Doug Olson

    Do you see a similarity between Goldmans fraud and the government printing more and more money.When is this Monopoly game going to end,its just paper.No I'm not a comedian.

    April 28, 2010 at 4:26 pm |