Saturday, July 30, 2011

GOP Wants to Re-Deregulate Wall Street

Rep. Barney Frank, Boston Globe
SOME CAUSES are more easily sloganized than others. “Let’s Re-deregulate Derivatives’’ has a certain rhythm, but it doesn’t sell well politically. So the conservative ideologues who want to roll back the Wall Street Reform and Consumer Protection Act, and return to a time when there were fewer regulations to restrain the reckless behavior of the financial-services industry, avoid saying so directly. Instead, they engage in indirect assaults which, if successful, will recreate the conditions that led to the crisis and caused millions of...

Source: http://www.realclearpolitics.com/2011/07/30/gop_wants_to_re-deregulate_wall_street_260427.html

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