Saturday, June 26, 2010

Bank Reform? No

Ritholtz is....umnnnhhh......militantly non-partisan. And he's a Street geek.

So what does he think about the (D) Financial "Reform" bill?

- The Cops (regulators and ratings agencies) working for the crooks.

- Banks still Too Big To Fail.

- Banks gambling with your deposits.

- Banks allowed to “mark to myth” and use off-balance sheet accounting to bonus themselves into the atmosphere, with the taxpayer taking the fall.

- Banks getting trillions from the Fed, Fannie and Freddie — AKA you, the future and present taxpayer.

In other words, business as usual. SS,DD.

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