The Ignorant Investor

Ignorance Can't Stand in the Way of My Opinion

Monday, November 15, 2010

 

The Banker Veto

“We had been disappointed with a number of legislative outcomes with the past Congress, and so we look forward to better outcomes with this Congress,” said Peter Garuccio, a spokesman for the American Bankers Association in Washington. Garuccio said banks expect a corrections bill to peel back some of the financial regulations passed into law this year.


They want what they paid for. They don't even feel the need to hide the sentiment that legislation is something one buys.

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