Mrcauser’s Weblog

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You can’t make this stuff up……….

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The bought and paid for shills for the gangsters running the banking industry are going to reform the system by giving the gang who got us into this mess, the FED, power to to screw us right next time.

Robert Kuttner: Next, Banking Reform

The Dodd bill that will come before the full Senate later this spring is slightly worse in some respects, slightly better in others. The bill does include a version of Obama’s call to restore the Glass-Steagall wall between commercial and investment banking (the “Volcker Rule”); but where the House bill created an independent consumer financial protection agency, the Dodd bill places this new agency, of all places, in the Federal Reserve. It was the Fed’s total failure to enforce consumer protections on the books that invited the abuses that caused the collapse.


Written by mrcauser

March 31, 2010 at 6:15 pm

Posted in Uncategorized

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