I just wrote this letter to the editor of my local newspaper. I haven't sent it yet. Tell me what you folks think...
The economic terrorists on Wall Street need FDR style regulation. They drove a derivatives truck bomb into our retirement and savings funds, blew up thousands of jobs and damaged housing with their sub-prime lending time-bomb.
These terrorist crimes were not possible from the time FDR implemented safeguards, as a result of similar Wall St terrorism that helped cause the Great Depression, up to the time these safeguards were repealed in 1999 through the urging of "free market" advocates like Republican Phil Gramm.
Shared experience of terrible events has a unique way of bringing people together in a unified fashion to prevent a similar shared event.
Case in point - Sept. 11, 2001. Through the medium of TV we all experienced the horror of that day, as a result nearly everyone understands the importance of airport/airline security.
Would anyone in their right mind advocate for the elimination of x-ray machines, luggage scanners, security checks, etc., etc., at airports as a result of our shared experience of Sept. 11, 2001?
Similarly, the Wall Street terrorist attack on the American economy, our jobs, our retirements, our future is more than enough reason to reject these "free market" - "get the government out of the way" advocates and re-instate FDR era safeguards that helped to create and protect the American middle class.