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)
Trump on going to jail over gag order: 'I'll do that sacrifice'
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The judge has threatened the former president with possible jail time,
something Trump and his supporters think may bolster his campaign.
53 minutes ago
that's pretty surprising. we'll see how long the good provisions last before the bankers get them stripped out
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