Too good to be true. I am sure by the time bipartisanship takes over, Goldman & AIG will be redefined as community banks and wholesome banks who didn’t cause any of this crap:
The administration’s new regulation proposal contains procedures that will essentially quarantine financial companies in trouble, making it easier for the feds to step in and isolate problem operations. The devil, of course, will be in the details:
They are the biggest of the big — the Citigroups, the Goldman Sachses, the AIGs and other financial behemoths. The Obama administration doesn’t want so many around anymore.
Financial regulations proposed by the president would result in leaner and simpler institutions that don’t carry the weight of the system on their marble columns.
After all Ben Nelson, Mary Landrieu, Evan Bayh, and Dianne Feinstein know that what’s good for their “donors” is good enough for them.
