Details, details
April 25, 2010 | federal legislation, industry | Comments (0)Finally people are examining the details of the financial reform bill. From today’s New York Times:
Unfortunately, the leading proposals would do little to cure the epidemic unleashed on American taxpayers by the lords of finance and their bailout partners. The central problem is that neither the Senate nor House bills would chop down big banks to a more manageable and less threatening size. The bills also don’t eliminate the prospect of future bailouts of interconnected and powerful companies.
So they don’t even do what they were originally intended to do.
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