98% of banks exempt from new oversight regulations

While Summers piously says the time has come for deep change at banks, the House approves a bill shielding 98% of banks from oversight.

Is he just laughing at us? Has the US government been taken over by the banks? Because the contempt the government and the banks have for the rest of us is now quite apparent. I mean, they aren’t even trying to hide it any more, are they?

From such obvious corruption and compromise, populist uprisings are born.

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