Friday, October 21, 2011

Banksters in a nutshell

Remember that three-page memo describing how to "avoid making taxpayers liable in the future for the kind of reckless speculation that caused the financial crisis and resulting bailout …"?

Wall Street firms have spent countless millions of dollars trying to water down the original Volcker proposal and have succeeded in inserting numerous exemptions. Now they’re claiming it’s too complex to understand and too costly to adopt.

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