Reply #15: Well, I did bring that up in my OP. FrenchieCat take note: [View All]

While FC's posts provide some good insight, I don't really see the need to belittle other DUers for not offering up their comprehensive solutions. It's kind of above and beyond the purview of a DU discussion thread.

I don't deny that G-S would have to be strongly updated, never said otherwise. In fact, it's what I alluded to in my second paragraph; of course things are different now, as a very result of the repeal of G-S. But much of what G-S did worked and could work again. I don't see why it has to be prohibitively complicated to start with the basic framework of the old law and add to it, update it and modify to address all the new hocus-pocus financial instruments which arose from deregulation of the industry. If it means we have to tell Goldman Sachs or Citi that they'll have to shut down divisions and/or get out of certain businesses, so be it.

This is where I part ways with Frenchie; it isn't any more helpful for you to call out DUers who are upset with Obama than it is for those DUers to post without offering a solution of their own. In each of those angry posts, there are truths which cannot be overlooked. Just because they don't actually answer the problem, they provide background and insight as to why people are so upset, and why the same old Washington pols are likely to screw us over once again as they protect the people who pay their bills.

I believe this is part of why the GOP keeps calling for "incremental reform" and "starting over." They're actually afraid of a comprehensive, sweeping bill because it might actually DO SOMETHING. For instance, the way I see it, we should throw Campaign Finance and Lobbying Reform into the mix, because as long as these guys are getting bankrolled by the people they're supposed to be regulating, very little will change. So fuck "incremental." Go huge. Do it large, address the real issues and not just the sound bites. Reform can't stop at Wall Street, it must include K-Street to be truly effective.