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Posted on 11.03.09 by Steve Trinward
“Economist Robert Johnson says progressive activists are going to have to fight more aggressively against the forces on Capitol Hill and the White House who are working on behalf of the financial services industry to block financial reform, given the kinds of deals now being cut by the Obama White House and some Democrats in Congress. Johnson, in the video interview above, says that while there is some good news in the recent moves toward creating a financial consumer protection agency, legislative proposals to curb the behavior of so-called ‘too-big-to-fail’ banks remain seriously flawed. The bottom-line problem, Johnson says, is that the campaign and lobbying dollars from the financial service industry is speaking louder than the general public. ‘I’d like to see voters mobilized to make people afraid to take Wall Street money,’ Johnson says.” (11/03/09) Link: http://tinyurl.com/yzpe2rt Filed under: PND Commentary and RRND Commentary | Report Bad Link Bookmark this post in Furl or Del.icio.us | |









