Friday, May 21, 2010
The more things change the more they stay the same
Senate Passes Faux Financial "Reform" Bill
Senator Feingold said:
The bill does not eliminate the risk to our economy posed by "too big to fail" financial firms, nor does it restore the proven safeguards established after the Great Depression, which separated Main Street banks from big Wall Street firms and are essential to preventing another economic meltdown. The recent financial crisis triggered the nation's worst recession since the Great Depression. The bill should have included reforms to prevent another such crisis. Regrettably, it did not.
Link to article: