Tuesday, July 27, 2010
Obama signs a bill that lets banks have US over a barrel once more
Another from The Telegraph. The article states that... "Last week, President Obama signed into law the Dodd-Frank Wall Street Reform bill – hailed as the most sweeping overhaul of US financial regulation since the 1930s." But reporter Liam Halligan thinks otherwise... "Based on sound-thinking courageous judgment, the Glass-Steagall legislation was only 17 pages long. Packed with wheezes and loop-holes, Dodd-Frank runs to 2,319 pages. Enough said."
Posted by CoreCap at 6:30 AM
Labels: financial reform
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