"...Wilmarth provides a nearly comprehensive catalog of all the things we should be outraged about. Reading it, I remembered so many instances where Wall Street blocked or delayed sensible regulatory policies, or regulators pushed for Wall Street’s interests—the watering down of mark-to-market accounting, the artificial inflation of the mortgage settlement by giving dubious credits to banks for doing things that were in their own interests, and so on—that I had forgotten about or not thought about recently because they had been crowded out of my mind by successive waves of revelations." - James Kwak
Posted on: Fri, 27 Sep 2013 04:23:35 +0000
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