The Wall Street Casino is alive and well. Last week it was - TopicsExpress

The Wall Street Casino is alive and well. Last week it was Congress granting the big banks the right to keep trading on banned risky derivatives with government backing. This week it is the Fed granting big banks two more years to make big bets through direct ownership of private equity and hedge funds. It all amounts to the same thing – spineless accommodation of the big banks’ desire to run taxpayer-subsidized hedge funds. This is wrong for taxpayers and it is wrong for the stability of our banking system.

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