Saturday 21 July 2012

Why Goldman Sachs Likes Dodd-Frank

Timothy Carney, DC Examiner
At the heart of Obama’s reelection narrative is the story that he battled the Big Bad Banks, mostly by passing regulation, and now those banks are retaliating by lining up behind deregulator Mitt Romney.It’s largely bogus.Yes, the banks have swung from wildly pro-Obama with their money to wildly pro-Romney, but the bank lobbyists I’ve spoken to have said this has much more to do with Obama’s anti-bank rhetoric than his policy. (The thin skin of these bailed-out millionaires makes you embarrassed for them.)

teco engineering

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