Restructure for Whom? - Just another day in the mortgage mess

This morning I listened to President Obama's press conference on GM. President Obama stated, it is absolute that GM "...undergoes a fundamental restructure." "...it's a recognition that will take a new vision and new direction to create the GM of the future."

Suggestion for President Obama and his Administration: Can you take the same approach you did with GM and apply it to this financial crisis? We are in the worse financial crisis in history and, yet, neither the U.S. Senate Banking Committee nor Finance Committees are undergoing a "fundamental restructure". These committees had jurisdiction over the financial industry, therefore, need to undergo a "fundamental restructure". It is a recognition that will take a new vision and a new direction to create the U.S. Senate Banking Committee & House Finance Committee of the future. Moreover, more importantly, it seems logical to appoint new Chairmans of these Committees as well as introducting a new law prohibiting Chairmans of these committees, which have jurisdiction over the financial industry, from receiving contributions from the financial industry ever again.

This is change! This is change we, the people, deserve. This is common sense.

Stay tuned...I have more to share. Just another day in the mortgage mess!