Thursday, May 10, 2012

Taibbi: How Wall St. killed Dodd-Frank after it passed

Concludes Taibbi, sadly:

But money never gets tired.  It never gets frustrated. And it thinks that drilling holes in Dodd-Frank is every bit as interesting as The Book of Mormon or Kate Upton naked. The system has become too complex for flesh-and-blood people, who make the mistake of thinking that passing a new law means the end of the discussion, when it's really just the beginning of a war.


It's bad enough that the banks strangled the Dodd-Frank law. Even worse is the way they did it - with a big assist Congress and the White House.
By Matt Taibbi
May 10, 2012 | Rolling Stone

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