Sunday, June 27, 2010
Bestest Financial Overhaul Ever
This bill is a 2000+ page bill...that no one's read, no one understands and no on knows what's really in it. We won't know what it does until the various agencies with their rule make powers actually implement it. It won't affect those companies that really need it (Citi Group, Goldman-Sach, Fannie May/Freddie Mac), and will probably in the end run out of business a large number of smaller, local banks instead...
Such is the wisdom of our political elite...
Such is the wisdom of our political elite...
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