posted on 04/22/2010 5:26:57 PM PDT
A dog barking at the moon.
Wall Street needs regulation but regulation that will work without turning one of our most sophisticated industries into a wholly owned subsidiary of the U.S. government. That's exactly what current reform proposals would do,
So, why are Republican senators reportedly set to cave in?
Sen. Chris Dodd's reform bill, gives the federal government unprecedented control over Wall Street without changing any of the perverse incentives that created our financial mess.
Again, why cave?
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