Andrew Cockburn On The Sham Of Financial Re-regulation, More Mandated Taxpayer Bailouts Planned And More Stoogery By Banker Buddy Geithner

These conversations between banker stooge Geithner and Blanche Lincoln sound eerily similar to the that of Geithner's cronies in the Clinton administration and Brooksley Born. Blanche Lincoln's derivatives reform, discussed by Andrew at the link, was passed yesterday out of committee. If her legislation makes it into a passed bill, I'll believe Washington has seriously taken a stab at cleaning up Wall Street. It won't be enough but I'll give some credit to the Congress. I give the odds of that to be very, very, very, very low.