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Why do they the guberment keep hiring money loving jerks?

armchair_warrior
armchair_warrior
edited November -1 in Brooklyn Politics

Treasury Secretary Timothy Geithner is close to a decision to exempt the $4 trillion-a-day foreign-currency market from key provisions of the Dodd-Frank Act requiring greater transparency in the trading of derivatives. In the horse-trading over the final conference version of that legislation last year, both Geithner and financial-industry executives lobbied extensively to give the Treasury secretary the right to create this loophole. As the practical reach of Dodd-Frank is defined by the executive branch, this will be the first major decision to signal whether regulators will act to strengthen or weaken the reforms.

http://prospect.org/cs/articles?article=blowing_a_hole_in_doddfrank

Comments

  • boygabriel
    boygabriel

    b/c we live in an oligarchy that supersedes political affiliation.

    Geithner is a 'have'. So are the people who benefit from his policies.