Paulson proposes financial overhaul
By MARTIN CRUTSINGER, AP Economics Writer
WASHINGTON - The Bush administration Monday proposed the most far-ranging overhaul of the financial regulatory system since the stock market crash of 1929 and the ensuing Great Depression.
The plan would change how the government regulates thousands of businesses from the nation's biggest banks and investment houses down to the local insurance agent and mortgage broker.
Treasury Secretary Henry Paulson unveiled the 218-page . . .
"The president's point of view is that he trusts Secretary Paulson to put forward what he thinks is a constructive plan," White House press secretary Dana Perino told reporters traveling with Bush aboard Air Force One to Ukraine on Monday.
Whatever this "plan" might be, you can be absolutely positively certain of two things;
1) MoronMonkeyBoy Bush the Chimp has nothing to do with it, understands nothing about it and only speaks as a bobblehead doll for the uber-rich corporate royalists who are really in control.
2) No matter what this "plan" is proposed to be, no matter what anyone says about it, be they republican or democrat, you can rest assured that it will be vehicle by which the uber-rich will be able to accumulate even more of our country's financial resources in their own pockets thus sticking it to the poor, the middle class, the working class and even the upper middle class.