Courtesy of Firedoglake.com... watch:

Pre-emptively invade Goldman Sachs, Magnetar, and a few others before they do any more damage, Mr. Obama...

Matt Renner is an editor and Washington reporter for Truthout. He can be reached at Matt@truthout.org.

This article was originally published at Truthout.

Washington - Today, the Obama administration will present a plan for reregulating the financial industry - one of the most highly anticipated policy reforms on the president's long list. But critics charge that the key to the future of the financial system is accountability for crimes.

The collapse of the financial industry and the subsequent government bailouts have enraged Americans, who see their government using tax dollars to save a system which failed to protect the interests of the little people. Now that the world financial system has taken as small step back from the brink of disaster, Americans want to see how much control and protection their unprecedented lending has bought them.

The president's top economic advisers, Treasury secretary Timothy Geithner and Director of the National Economic Council Lawrence Summers, outlined the planned reforms in an op-ed piece published in The Washington Post on Monday.

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