Friday, May 21, 2010

Capitol Punishment in WSJ Unless We're Bailing Their Asses Out!

"The Senate's passage Thursday night of far-reaching financial reform is being portrayed as a big loss for the financial sector. "No End to Banks' Capitol Punishment," reads the headline in The Wall Street Journal. But everything's relative. The legislative action is a defeat in large measure because Wall Street wanted no reform. And it seems like harsh punishment because the default situation for the last 30 years has been that the financial sector gets precisely the regulation it wants." - Daniel Gross, MSNBC

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