Wednesday, May 26, 2010

SEE YOU IN NOVEMBER OBANKSTA

"By now you have probably realized – correctly – that “financial reform” has turned into a victory lap for Wall Street.

When they saved the big banks, with massive unconditional support (both explicit and implicit) over a year ago, top administration officials promised they would be back later to fix the underlying problems.  This they – and Congress – manifestly have failed to do."

Simon Johnson

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