This is one very good reason why the 41 Republicans in the Senate should stop this legislation. The Democrats are promoting nothing more than crony capitalism where they will decide the winners and losers on Wall Street.
The Democrats will try to say that the Republicans are just protecting Wall Street greed but the truth of the matter is far different.
And why should Warren Buffet, a billionaire, be exempted from the controls on derivatives just because he supported Obama? I'm all in favor of capitalism and he is the ultimate capitalist but this is just plain wrong.
Follow the link for the story.
Monday, April 26, 2010
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