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View Diary: ENOUGH (189 comments)

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  •  exactly - the CFMA (3+ / 0-)
    Recommended by:
    Cliss, BMarshall, Lisa Lockwood

    Commodity Futures "Modernization" Act  CFMA Wrangled through the Senate by Phil Gramm. And don't get me started on Phil's wife Wendy, former of The Commodity Futures Trading Commission and Enron...

    the CMFA Removed regulation that had been there before, and the    Gramm-Leach-Bliley act allowed banks to do stuff they used to be prevented from doing.

    Notice whose name appears in both places?

    Goldman-Sachs and their lawyers aren't stupid. They got the laws changed, then did bad stuff that used to be illegal. Not any more. And the recent Financial oversight stuff hasn't really done much. Banks own the congress.


    Without geometry, life is pointless. And blues harmonica players suck.

    by blindcynic on Mon Apr 18, 2011 at 02:37:19 PM PDT

    [ Parent ]

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