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Some good books recommended in this: 13: Bankers The Wallstreet Takeover The Next Final Meltdown by: and Kwak Issues discussed: Do we have too little or too much gov’t? Shadow banking – not subj to pricing information (not subj to transparency requirements) in the mkt or anti-fraud requirements. This Encouraged the bubble that took this economy down. The fastest growing and largest part of contributions to congress came from the financial and securities sector. Root cause 1) Amer believe $ buys results in Congress. it erodes trust 2) 12% Americans have confidence in Congress 3) This low trust erodes participation in this system (voting) no matter who wins, corp interest still have too much power To prevent real change 4) this low participation leaves the fox guarding the hen house and the institution governing our nation Congress dependent on the people. But it is dependent on the FUNDERS the people who donate money to the campaigns. How to Save a Nation by Ending Our Corrupt Political System by Lessig Inequality and democratic responsiveness by Gilens Public Opinion ( ) When Amers with dif income levels differ in their policy preferences, actual policy outcomes strongly reflect the preferences of the most affluent. There is a vast discrepancy between what Congress would be doing if it were following it’s dependence upon the people and what it in fact does. Fix this dependency: so they don’t depend on the funders and more on the people. Without selling their souls and without alienating. Republic, Lost by: Lessig "He goes on to note that Americans' trust in government is at an all-time low, related to the (largely accurate) belief that moneyed special interests wield outsize influence over our political system." "I think the problem with our government is that we have a Congress that’s dependent upon funders. And that dependency leads congress to do things they otherwise wouldn’t be doing—spending time worried about bank swipe fees rather than unemployment or budget deficits."

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