Wednesday, December 16, 2009

Ratigan: House bill filled with loopholes for Big Banks

Even if you love Wall Street and too-big-to-fail banks, chances are you like seeing a Congressional Democrat have a new poop-chute opened for him.

Not a single Republican voted for this bill, but if you think it's because they wanted it to be even tougher on Wall Street, there's a guest slot opening on Glenn Beck's show for you.

Dylan Ratigan's the man. You gotta watch this.

WALL STREET REFORM AND CONSUMER PROTECTION ACT OF 2009's LOOPHOLES:

1) Foreign exchange exemption
2) End-user exemption
3) "Balance sheet risk" exemption
4) Swaps traded on alternative exchange


Interview with Rep. Ed Perlmutter (D-CO)

By Dylan Ratigan
December 15, 2009 | MSNBC Morning Meeting


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