Some Movement On Financial Reform

Finally, the Democrats in Congress have made a move to reform the financial system and thus they began to act like Democrats. We don't need TWO pro-business, pro-wealthy political parties. No Democrat need worry about someone looking out for the interest of the above mentioned, as there is one party seemingly committed heart and soul to concern for the plight of billionaires and millionaires. We need a political party to be concerned about the plight of the middle class and working people; something we've been lacking for awhile. Do you think there's a connection between the concern for wealthy interests and all the money sloshing around in the political process? Nah, couldn't be.

Anyway, I'll have to look over the details of what passed the House of Representatives, but I didn't hear anything about breaking up those companies deemed to be "to big to fail." Since that term was coined more than a year ago, many of those companies have become even bigger!!! Why? Because some banks were allowed to fail and were then merged with others, thus making the big bigger, and also removing competition for those "to big to fail." From what I understand, almost three quarters, get that now folks....THREE QUARTERS of all banking deposits are now in the hands of just a few banking companies!

Let's see...do you think that all the money sloshing around in the political process has anything to do with politicians not trying to whittle down the size of some of these...ah...institutions? Nah, couldn't be. (Don't forget, the Senate also must pass some form of legislation on this important matter before any actual law can then be brought before both houses for passage and a signature by the President, so the House passed version is NOT a law.)

WORD HISTORY:
Nether-This word is now not as common in English, except for "The Netherlands," as it has essentially been replaced by "low/lower," but a form still is commonly used in both "beneath" and "underneath." The word goes back to Indo European "ni," which meant "down or below." Old  Germanic developed the offshoot "nitheraz" or "nith" (I found both). In Old English there were "nithera" and "neothera," (I suppose depending upon dialect) both meaning "down, beneath, below." Old Saxon, the Saxon dialect that remained in northern Germany after some Saxons departed for Britain, had "nithar." While modern English no longer commonly uses the word, the close cousins of English still use it extensively, as Dutch has "neder" and German has "nieder;" both still with the meaning "low, below." The Netherlands name comes from the geography of that area, much of it reclaimed from the sea, which is restrained by dikes; thus "Netherlands=lowlands."