The Nation — This piece is cross-posted from the WashingtonPost.com, where Katrina vanden Heuvel writes a weekly column.
In a hilarious video plug for the proposed Consumer Financial Protection Agency, the popular comedy Web site funnyordie.com gathers Saturday Night Live’s famed presidential impersonators — from Chevy Chase to Will Farrell — to advise a slumbering Barack Obama (Fred Armisen). Dana Carvey, reprising Daddy Bush, tersely sums up the whole shebang about financial reform:
"What you gotta understand is that we got a regulatory issue here. We gotta regulate that or we’re gonna get more bubbles. Gonna get bigger, larger, then pop, money goes to the weasels."
Got that right. After the worst financial collapse since the Great Depression, financial reform isn’t a luxury. And it shouldn’t be a partisan issue. Everyone from the tea partiers to Volvo-driving liberals has a stake in shutting down the casino and getting the big banks under control.
Of possible reforms, creating an independent agency to protect consumers from financial abuse should be one
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