Carol thinks she’s done you a great service by supporting the Wall street Reform legislation. She’s clearly not read it. Here’s what she want’s you to think.
• Create a new Consumer Financial Protection Agency that will ensure that bank loans, mortgages, and credit cards are fair, affordable, understandable, and transparent;
• End abusive predatory lending practices such as 
those that occurred during the sub prime lending frenzy;
• Shut down “too big to fail” financial firms before their risky and irresponsible behavior threatens to bring down the entire economy;
• End costly taxpayer bailouts with new procedures to unwind the failing companies that pose the greatest risk – paid for by the financial industry and not the taxpayers;
• Enhance oversight and transparency for credit-rating agencies;
• Rein in egregious executive compensation;
• Enact new protections for grocers, retailers, and other small businesses facing excessive swipe fees; and
• Audit the Federal Reserve’s emergency lending programs used during the financial crisis and limit the Fed’s emergency lending authority.
That’s what Carol thinks it does. But what does it actually do….
