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Brain -> Bankers Get $4 Trillion Gift From Barney Frank (1/1/2010 12:14:02 PM)
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Something has got to be done about these banks. I don't know what, I just know if the House can't do it I don't expect anything from the Senate because the Senate is more corrupt than the House.
Bankers Get $4 Trillion Gift From Barney Frank: David Reilly - Bloomberg.com
If you’re a banker, the bill is tastier. While banks opposed the legislation, they should cheer for its passage by the full Congress in the New Year: There are huge giveaways insuring the government will again rescue banks and Wall Street if the need arises.
Nuggets Gleaned
Here are some of the nuggets I gleaned from days spent reading Frank’s handiwork:
-- For all its heft, the bill doesn’t once mention the words “too-big-to-fail,” the main issue confronting the financial system. Admitting you have a problem, as any 12- stepper knows, is the crucial first step toward recovery.
-- Instead,
http://www.bloomberg.com/apps/news?pid=20601039&sid=a48c8UpUMxKQ
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