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: Mortgage Lender Implode-o-MeterTimothy P. Carney: Goldman rallies for Obama in Wall Street 'reform'
By Implode-Explode Heavy Industries
Goldman's executives are calling for two regulations here. First, they want the federal government to restrict free-wheeling, heavily leveraged, high-stakes financial risk taking. Second, they want government to set more rules of the road for trading derivatives -- financial products that are often complex. These are the very "fat cats" to whom Obama directed his trash talk in January: "If they want a fight, that's a fight I'm willing to have." Well, it looks like they don't really want a fight. It looks like they want more regulation. The question is: What's in it for Goldman?
Full post as published by Mortgage Lender Implode-o-Meter on April 16, 2010 (boomark / email).
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