"It's been a long, long time now."

In response to "Reform or Bust" by Paul Krugman of The New York Times: Monday, 21 September.


Change is important; it helps us grow, succeed, advance past previous mistakes. But when change is right around the corner and isn't acknowledged, there can be consequences.
The banking reform that has been promised over and over for the past year needs to happen soon. As the American people slip further into joblessness and disrepair, we see that Wall Street yet again regurgitates the same selfishness upon the market. And all the while, the President, who promised so sincerely to bring the American people out of the recession, with a massive tax-payer funded bailout no less, as Krugman points out, still retains the old position of not checking the horrendously large rewards of the banking industry.
When will these banking executives no longer be rewarded for their overly risky decisions? If our government doesn't step in and make some much-needed progress, it's logical to expect another recession (if not another depression) in the coming years. It's obvious that the financial industry needs to be regulated closely to sustain our economy, but how long does it take our government to realize this simple truth? The president's recent comments on the regulation of banking executives is alarming. This industry is connected to our economy, a life-force of this country; when it fails, so are the American people subjected to hardship and struggle. Prevention of failure is apparent in regulation.
We paid for these banks to stay alive. Our children paid these banks to stay alive. And we need the administration to shell out some of the promises made in the past; we need the reforms so adamantly requested by the current state of the economy.