Wednesday, December 30, 2009

Bankers Get $4 Trillion Gift From Barney Frank

Bankers Get $4 Trillion Gift From Barney Frank: David Reilly - Bloomberg.com
"The reading was especially painful since this reform sausage is stuffed with more gristle than meat.
At least, that is, if you are a taxpayer hoping the bailout train is coming to a halt.

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"

Read 'em and weep....

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