Sometimes a little regulation can go a long way...

Is this a chance for "The Man" or the powers that be to get a little farther in the global quest of big government. The most recent proposed overhaul of the financial industry since the Great Depression was announced recently by Secretary Paulson. If outlines the expansion of the Fed's ability to examine any financial institution posing risk to economic stability. Although with all of this it doesn't yet even come close to deal with the unregulated investments that most 'experts' don't fully understand. There has been much call for needed additional oversight in the fast growing deregulated financial business in which the new products these financial institutions have developed are more and more difficult to understand as to their true risk balance in relation to the economy.

I'm all for finding a way in to the system to help out all of the mortgage holders, but it seems all of the solutions coming to the table are not associated with the little guy. In the meantime, the average Joe and Joann, are teetering on the brink of bankruptcy and with the new bankruptcy laws this makes things even harder for the Joneses to find their own solutions as they wait for the government to make decisions.

Oh, right, some people will receive their $600-$1,200 refund check. This isn't really a refund, but an advance from taxes to be paid by the children and grand children's generation. This could get tacked up there with defense spending on the war.