Blame the US GOVT. plus the SEC

Blame the US GOVT. plus the SEC...according to David Cay Johnston, (The Book) "Free Lunch", the SEC held a board meeting and reduced the amount of cash a banking corporation must hold in accounts in relation to its obligations (Debt/Loans). The result is that many organizations now hold only 1 to 30 ratio of cash to debt/loans. So who do we blame for tax dollars spent
-Obama
-McCain
-Senate and House of Representatives, the President,
-General Accounting Office as far as no one listened to their audits or recommendations.
-Lobbyists
-CEOs & CFO (Chief Financial Officers) of Financial Organizations
-Globalization
-Politics as usual
-Status Quo thinking
-Culture of Subsidies or Bounties paid by the government to corporations, industries, Financial Organizations, Major Corporations, Housing and Construction Interests, etc.,
-Culture of "big Business" represents the Economy and is national security privileged interest.
-Some strange twist of logic that made the US government want to allow sale of "National Interest" technology corporations to foreign companies.
-Election Cycle in Washington that makes our representatives focus on re-election more than borrowing from "Social Security Plans" and paying and funding only the interest on our long term obligations/debts (INSTEAD OF PAYING OFF THE DEBT)
-Bizarre Idea of bringing American culture to the Middle East and saying it is teaching democracy instead of a "Police Action"(Democracy in a tribe?).
-Strategic War instead of investing in alternative energy research, competitions, university programs, experimental projects.
-Trying to do what we laughed at the Russians for doing in Afghanistan even though we go about it differently(the Russians and Osama Bin Ladin have to be laughing at us now).
-Trying to do anything that looks anything like Vietnam(Iraq).
-Ignoring and not understanding what our Federal Budget looks like, shortfalls, grants and subsidies, unfair trade relationships, exporting military technology, Trade Deficit, Deficit Spending, what we call "Debt Service" instead of paying off the debt.
-Government with lobbyist is really Government by Lobbyists.

***What is Next is "You Don't Want to continue to bailout industries and you Don't want to continue subsidies. WE Have to end practices that empower foreign countries and weaken the USA. We have to end privileges that we extend to China as "Preferred Nation Status".***

Debate: "No Chicken in Every Pot"

No, the debate didn't change anything and wasn't revealing. And I have to clarify myself. The Bail Out by the Feds for the USA Financial Crisis is not about any problem in the American Way or the American System. There are some loop holes in the financial system that have been exploited and have put millions of Americans at risk of loss of 1) jobs 2) savings 3) retirement savings and retirement instruments like 401 (K) accounts 4) repayment of social security account debt in the near future 5) loss of American reputation as world standard for financial stability and financial standard of transparent markets 6) loss of available credit for car buyers, home buyers, new business owners, and corporations.

The "Bailout" at the top for the largest financial corporations seems like working at the wrong end. The bulk of Americans may be wondering what US Federal Taxes and the Federal Government will do to protect or help households. Where is the chicken and the security for households?

America will recover from almost everything you can imagine because the strength of Americans is to do what it takes and the economic power and wealth of American can hardly be imagined. Our economy just simply will keep on rolling no matter the small blips of job losses or banking problems.

Just look back at World War II at all we went through as a country - those values are still alive in the USA.

The debate reflects status quo - no surprise. And it is no surprise that politicians hedge and avoid clear statements. BUT all federal politicians should know from study how we all saw Neil Bush take the blame for the Saving and Loan scandal in the 1970s. There is no difference today. And today's Financial Crisis was always predictable.

I am surprised to see the lack of Economists involved and consulted by Congress and the Senate. It should be clear enough how to change the regulations that the SEC and FDIC would help to transmit to the financial industry. The issue is whether to save big business and save bad financial mangers...and finally and most important how to stay with the focus of helping the tax payer and individual Americans.