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View Diary: Elizabeth Warren wants to know what think tanks are owned by Wall Street (74 comments)

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  •  Useful to spotlight many inconvenient truths: (1+ / 0-)
    Recommended by:
    nota bene

    1. Money buys experts, Op-Eds, testimony and conventional wisdom as well as politicians and SEC policies.

    2.  Much of that spending by big banks is at the expense of taxpayers, because banks are:

    (a) recycling benefits they received from their recent government bailouts;

    (b) recycling the subsidy of their lowered capital costs resulting from their too-big-to-fail status;

    (c) reducing their taxes by deducting at least some of their related expenses.

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