Wednesday, July 21, 2010
Jim Hightower | Grinning Bankers
Jim Hightower, Truthout: "Like ugly on a toad, banker greed just can't be rinsed off, no matter how much regulatory soap you use. Last week, Congress enacted new rules to govern America's huge banks, thus completing Washington's response to the unbridled Wall Street greed that crashed the financial system and crushed our economy. The regulatory reforms were hailed by Democrats as possessing powerful cleansing power, while Republicans wailed that the new rules were overly caustic, imposing such a heavy-handed governmental scrub that the delicate layers of Wall Street innovation, competitiveness and profitability will be rubbed away."
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