Wednesday, April 14, 2010

You can't even call this financial "reform"

The Republicans have once again left the table on financial reform negotiations. They have cited democrats wanting to drive a wedge between the GOP and Democratic Party on the issue. The Democrats have framed the Republicans as supporting businesses and banks over the average American. Lets put this in perspective: Democrats have been the ones pushing for financial regulation all along, even before the crash of 2009. The current legislation (in the senate, at least), is completely watered down to the point it won't even work. If the Republicans really wanted financial regulation, they would be calling for stricter regulations, not more lax ones. Btw guess when Mitch McConnell said his party couldn't support the legislation; right after getting out of a meeting with hedge fund managers. Kind of says it all.

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