Though President Obama and the Democrats promise a fierce financial watchdog, what they’re delivering looks like a pretty tame pussycat.
There’s a disconnect between the Democrats’ tough rhetoric about the need for financial reform and the legislation that’s actually making its way through Congress.
Remember when high risk and reckless trading led to economic collapse?
That was so five minutes ago.
Goldman-Sachs is back to its old tricks, roaring to record profits from high-risk trading - and the federal government is aiding and abetting the whole thing.
You might have thought the feds would be discouraging Goldman from using the economy as its private casino, but that’s far from the case.