It's impressive how fast they protected the corportations,
when there is a real bill waiting to be passed that will help
The Morgage Meltdown
the Oil Speculation Price hike
09-17-2007 - Levin Introduces Bill to Close Enron Loophole and Prevent Manipulation and Excessive Speculation in Energy Markets : Senator Carl Levin: News Release
The Enron loophole, included in the Commodity Futures Modernization Act of
2000, has allowed large volumes of energy derivatives contracts to be traded
over-the-counter, OTC, and on electronic platforms, without the federal
oversight necessary to protect both the integrity of the market and energy
consumers.
The legislation has the general support of the CFTC, the electronic exchange
known as ICE, the New York Mercantile Exchange, the Chicago Mercantile,
and the President’s Working Group on Financial Markets.
The legislation also increases transparency in energy markets to deter traders
from manipulating the price of oil and natural gas futures traded on electronic markets.
The bill gives the CFTC new authority to punish manipulation, fraud, and price distortion.
This could fix "everything".
But bush is threatening to veto another recent Mortgage Relief for Families Biill that's even weaker than the Enron Loop hole bill.
So you can see it'll be awhile, before we get any relief.
I didn't even know this bill existed until some caller on c-span's washingto journal mentioned it.
The Enron Loop hole Bill would also help regulate
The Speculation on your Credit Score driving up Loan payments and Morgage payments.
The current computer system calculats your Credit Score.
So, if you sneeze the wrong way your score is fucked!