That “financial regulation reform bill” that’s supposedly starting to work its way through Congress? It ain’t such a thing at all. It would allow Tim Geithner or future Treasury Secretaries to make Hank Paulson look like a TARP piker.
Why? The new bill, which Rep. Brad Sherman called “TARP on steroids” would allow TARP-type bailouts with no Congressional approval and no maximum dollar amount.
As somebody else said, President Barack Obama is a socialist indeed — a Wall Street socialist.
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