Saturday, September 27, 2008
Now that all the horses are gone
From the NY Times:
The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.And so the Republicans have destroyed another, once effective, part of government to please their corporate masters. It will take years to repair the damage they have done.
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