Financial Reform Bill Brings Little Change to Wall Street

http://www.commondreams.org/headline/2010/07/15-5

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The New Finance Bill: A Mountain of Legislative Paper, a Molehill of Reform

Robert Reich: "Thursday, the President pronounced that 'because of this [financial reform] bill the American people will never again be asked to foot the bill for Wall Street's mistakes.' As if to prove him wrong, Goldman Sachs simultaneously announced it had struck a deal with federal prosecutors to pay $550 million to settle federal claims it misled investors, a sum representing a mere 15 days profit for the firm based on its 2009 earnings."

http://www.truth-out.org/robert-reich-the-new-finance-bill-a-mountain-legislative-paper-a-molehill-reform61431



Taking Financial Reform into Our Own Hands

Stacy Mitchell, Yes! Magazine: "With the passage of the financial reform bill, giant banks see a golden opportunity to finally put the financial crisis, along with their culpability for wrecking our economy, in the rearview mirror."

http://www.truth-out.org/taking-financial-reform-our-own-hands61448

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The Workable Solution to the Financial Crisis
http://www.call4reform.org/
http://www.radio4all.net/index.php/program/44200


From Mast Sanity/Mast Network

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Obama’s latest monstrosity

Competitive Enterprise Institute
by John Berlau

07/21/10

The 2,315 page Dodd-Frank financial regulation bill that President Obama will sign today should not be called ‘financial reform.’ Instead the bill, which passed the Senate 60-39 last week when Massachusetts Senator Scott Brown joined Maine Senators Olympia Snowe and Susan Collins to grant cloture, should be called what for what it is: pages and pages of massively costly, counterproductive and possibly unconstitutional mandates on nearly every type of business except for those government-sponsored enterprises at the root of the crisis. And while the bill claims to crack down on excesses on Wall Street, its harshest impact will likely be on Main Street businesses that had nothing to do with the meltdown...

http://tinyurl.com/25jc5bs


Informant: Thomas L. Knapp

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Why Financial Reform Will Fail
http://www.lewrockwell.com/schiff/schiff103.html



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