NY Times, Jan. 13, 2015
"The continuing assault on the 2010 Dodd-Frank law has achieved remarkable success"
"The financial industry has been methodical, drafting technically complicated legislation that can pass the heavily Republican House with a few Democratic votes. "
"The House was back at it this week. Lawmakers approved by a vote of 250 to 175, with just eight Democrats in support, a broad measure to impose a variety of new restrictions on federal regulators"
"The current efforts to undermine Dodd-Frank have been textbook lobbying. In the first three quarters of last year, the securities and investment industry spent nearly $74 million on lobbying — on 704 registered lobbyist"
"The House was back at it this week. Lawmakers approved by a vote of 250 to 175, with just eight Democrats in support, a broad measure to impose a variety of new restrictions on federal regulators"
"The current efforts to undermine Dodd-Frank have been textbook lobbying. In the first three quarters of last year, the securities and investment industry spent nearly $74 million on lobbying — on 704 registered lobbyist"
Goldman Sachs is running the ECB AND the U.S. Government.
Weapons of Mass Destruction aka. Financials
Financials have significantly underperformed since the start of the year:
The next wave down is the "third" wave, and hence the most devastating. Thanks to the hard work by Wall Street and Congress in rolling back Dodd Frank, collapse will pick up right where it left off.
A fitting way to end - history's largest gang of bukkake whores caught in the act.
