Senator Dodd’s Regulation Plan: 14 Fatal Flaws
Webmaster's Commentary:
At its heart, this bill . . .
* creates a bailout fund for the creditors of large, failing firms
* puts the government in control of the financial industry, and
potentially the entire economy,
* and stacks the deck in favor of the largest corporations against
smaller competitors
* but won't address the root causes of the 2008 collapse - the Fed's inflationary policies and the housing bubble it created
* cancels the audit of the Federal Reserve
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