Blance Lincoln’s derivative reform amendment needs help. Italian Authorities, Jefferson County, the State of California have all been reported on. The average businessman on Main Street has not been heard from. This is not surprising given that they generally would not have the ability to assess how they may have been damaged. There is also the powerful dynamic of not reporting victimization because of embarrassment or not wanting to harm the friendly banker who sold that swap, and there are disclaimers and waivers in the paperwork. Do not think because they are uncounted victims that there are not victims by the thousands. I wish some of them would speak out now. Perhaps some attorneys know of cases they did not pursue on legal grounds because the case would be unlikely to succeed. I am sure that nevertheless these stories need to be told.
May 26, 2010