This is one reason I like O'Malley

[elleng]

1. VERY good to see this, Andy823.

I agree.

'Third, we must end the days of “neither admit nor deny,” and force law-breaking banks to publicly admit it. We have allowed big banks to avoid admitting guilt due to claims that it will cause them too much harm — it’s time to end that game and let banks face the legal consequences and harm to their reputation. Fourth, we must make banks bear the full weight of financial penalties. As unbelievable as it sounds, the worst actors on Wall Street have written off large portions of these penalties — as if they were donations to charity. We should not allow banks to deduct fines from their taxes.Finally, we need a “three strikes and you’re out” or a points-accrual policy — like the one drivers face — to revoke a bank’s right to operate if they repeatedly break the law. This would increase transparency, reduce recidivism and put banks out of business if they repeatedly disregard the law. Unfortunately, while many good people who work in finance and in Congress understand our vulnerability to another crash, further reform faces an uphill climb against powerful special interests. Today, most Republicans in Congress are hell-bent on disassembling the Dodd-Frank Act. And too many Democrats have been complicit in the backslide toward less regulation. All while last year’s Wall Street bonuses were double the total earnings of all full-time workers making minimum wage.'