Financial Reform Bill: Bankers Get $4 Trillion Gift From Barney Frank: David Reilly

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.

Read more: Financial Reform Bill, Wall Street, Derivatives Bonuses, Financial Regulation, Barney Frank, Business News

CategoriesUS

Leave a Reply