(Community Matters) Worth reading – not just a piece by some radical lefty, this from a distinguished professor of law at Harvard and the person selected by Congress and the President to oversee the financial industry bailout.
Today, one in five Americans is unemployed, underemployed or just plain out of work. One in nine families can’t make the minimum payment on their credit cards. One in eight mortgages is in default or foreclosure. One in eight Americans is on food stamps. More than 120,000 families are filing for bankruptcy every month. The economic crisis has wiped more than $5 trillion from pensions and savings, has left family balance sheets upside down, and threatens to put ten million homeowners out on the street.
Community Matters 
Elizabeth Warren says: “Pundits talk about “populist rage” as a way to trivialize the anger and fear coursing through the middle class. But they have it wrong. Families understand with crystalline clarity that the rules they have played by are not the same rules that govern Wall Street.”
Exactly. This CFPA sounds like a good idea, although it won’t solve the problem of income inequality that has been building for years. Both political parties have strong elements advocating trickle-down economics. The thinking seems to be: What’s good for Goldman Sachs is good for America.