Does anyone know if the bill still has the angel-killer language in it?
5 thoughts on “The State Of Financial Regulation”
The answer is:
Are Angels bad for Goldman Sachs?
If you can believe the Business Week story I read on the Yahoo business page 4/20, the answer is yes.
Yeah the bimbo and himbo on Fox and Friends were talking about it today.
The answer appears to be yes. Which is a mistake.\
Even worse, it does nothing to bring back Glass–Steagall, a post-depression era firewall which, until it was weakened and then eventually repealed, made sure that when risky fly-by-night investments went belly-up, your bank account was not in jeopardy.
So instead of preventing future financial catastrophes, they’re just getting the funds ready. Just don’t call it a, “bailout.” But I think it’s safe to call it a, “death panel,” at this point.
The answer is:
Are Angels bad for Goldman Sachs?
If you can believe the Business Week story I read on the Yahoo business page 4/20, the answer is yes.
Yeah the bimbo and himbo on Fox and Friends were talking about it today.
The answer appears to be yes. Which is a mistake.\
Even worse, it does nothing to bring back Glass–Steagall, a post-depression era firewall which, until it was weakened and then eventually repealed, made sure that when risky fly-by-night investments went belly-up, your bank account was not in jeopardy.
So instead of preventing future financial catastrophes, they’re just getting the funds ready. Just don’t call it a, “bailout.” But I think it’s safe to call it a, “death panel,” at this point.