Sigh. Rules here are like penalties in hockey; wait it out and you're back on the ice. One big difference, the game clock never ends, so you've got all the time in the world.
DEAL WITH THE DEVIL – http://huff.to/18rR0ab
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Wall Street Helping Congress Write Financial Regulation Bills
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There's a joke someone once said, that Capitalism is the worst economic system ever devised, with the exception of every other economic system. 🙂
I've seen this happen before. The FAS140 guidelines were basically written by CPAs who had vested interests in creating a pyramid scheme. Fun times again?
This is certainly not exclusive to Wall Street. Probably the majority of the bills you see going through Congress have been at least partially written by private concerns of one sort or another.
How else are a pack of aging, shitty lawyers going to write laws? You think their polisci degreed interns in the copy room are going to steer them right in medicine, technology, defense, etc? You want government to rule everything? Bend over!