I’ve been plowing through Senator Chris Dodd’s 1,300-page bill to overhaul financial regulation, and I’m surprised. At first glance, it is tougher and better than I had expected.
Readers beware: it’s not a pretty piece of work. Kids! Do not read this at home. It makes the prospectus for a subprime mortgage-backed security look like a model of clarity.
The bill is full of murky exclusions, exceptions and hair-splitting -- usually a red flag that our elected representatives have capitulated to big-money interests and disguised the bombshells behind eye-glazing boilerplate.
But there are a lot of genuinely tough changes, and the bill is a lot less ugly than it first appears. (continued)
Biden slaps new sanctions on Iran after attack on Israel
-
Biden said the sanctions, carried out in coordination with the U.K., were a
response to “one of the largest missile and drone attacks the world has
ever se...
55 minutes ago
that's pretty surprising. we'll see how long the good provisions last before the bankers get them stripped out
ReplyDelete