On Jan 22, 2010, at 11:33 AM, raghu wrote:
The administration's own press release on the proposal said that
banks could
continue to trade if they certified it was for customers. That's a
loophole
that the banks and their lawyers could drive right through.
In other words, you will take every datum and interpret it in the most
cynical way possible until it conforms to your pre-conceived idea that
Obama is irredeemably a stooge for the rich?
It was a friend who works for a hedge fund who pointed out the
loophole to me, but it makes perfect sense. He wants to score
political points by appearing "populist" while not actually stepping
on any Gucci-clad toes.
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