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Ex-TARP Watchdog Unleashes on 'Monster' Banks, Reform Law

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  • Time4change | | 27 Aug 2012, 02:44 PM Agree 0
    I believe this article is as accurate as it gets as to the banks, bailout, Dodd Frank, and now CFPB. It is all for show because whereas we need rules to live by, the Golden Rule is what we should all operate by and if we break laws including redlining and fraud then we need to be in the slammer. Periord.
  • William Matz | | 28 Aug 2012, 12:45 PM Agree 0
    Thankfully, there are a few folks who don't seem to be corrupted by the system. What is puzzling is that so many of the actions/reforms clearly don't work. So are they done just for the illusion of government helping? The irony is that these actions don't even seem to be in the best long-term interest of Wall Street. Perhaps the honest explanation is that nobody in government knows what to do, and so we are just seeing an endless series of actions that kick the can down the road.
  • Lou | | 29 Aug 2012, 02:00 AM Agree 0
    Wall Street and the compromised banks should have been allowed to fail. Executives should have been held to account criminally and legally. That's what I urged Senators Feinstein and Boxer. They, of course, knew better and ignored this free advice. Mr. Barofsky should have said something and complained loudly when he was inside. His comments now mean nothing. Typical self-serving pap from career beltway types. The banks had, and will continue to have the last laugh. All the way to the bank.
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