In another brilliant expose on the state of the Union, Matt Taibbi in his most recent article Rolling Stone Magazine gives John Madden a run for his commentator-money with his play-by-play description of the 'Restoring American Financial Stability Act' that was recently weaving it's way through Washington.
Wall Street's War by Matt Taibbi
Opening in the early months of May when the legislation was heading toward the finish line, Taibbi is astonished to discover the bill contains aggressive measures to rein in Wall Street's rodeoesque wild west show. As Washington barrel races toward the finish line, Taibbi not only learns a lesson that schools Schoolhouse rock (well duh, we always knew the little song was too simplistic and overly optimistic, but it still did more to teach the route a bill has to take that is more educational and no less optimistic than most civics classes) but reveals the real problem in Washington- which is that a SMALL(say, three of four) number of (corrupt) men hold all the power over whether a bill or amendment will even get a vote, let alone pass and the representation we all assume we're getting when we vote for our representatives in the Senate and the House is virtually nonexistent. This article along with the blog entry he wrote in response to reader reaction and as a follow-up to what has happened since writing his article are a must read and a reference point for everything we see (or think we see) going on in politics today. CHEERS MATT!http://www.rollingstone.com:80/politics/news/;kw=[36899,157778]
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