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I'll Believe It When I See It (In the Fine Print)
Washington's
Blog
Friday, January 22nd, 2010
Obama has again pulled Volcker into his photo ops, and is
talking
tough about putting limits on the size of banks, restoring
the "spirit" of Glass-Steagall, and curtailing the
giant banks' prop trading operations.
I'll believe it when I see it (in the fine print).
As Yves Smith reminds
us, Obama and Congress talked tough about reining in derivatives,
but did nothing. See this.
They talked tough about reforming health care to make it better
to the American people, but ended up crafting a bill which is
a giveaway to the giant insurance companies.
I'll only get interested if I see a bill that actually does
something ... and whose fine print doesn't create more loopholes
than it plugs and more gifts to the financial industry than
it removes.
"When the people find they can vote themselves
money, that will herald the end of the republic."
- Fall Of The Republic - Buy
the DVD here
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INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
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