Hip waders, up!
No wonder Lloyd Blankfein, the CEO of the New York investment giant Goldman Sachs, said "that the biggest beneficiaries of reform will be Wall Street itself." That's a luxury our small businesses in Utah can't afford when they're saddled with this legislative monstrosity.What Blankfein really said:
Wall Street will benefit from the bill because it will make the market safer, Blankfein said.Keeping them honest, one Op-Ed at a time.
"The biggest beneficiary of reform is Wall Street itself," he said. "The biggest risk is risk financial institutions have with each other."
American consumers also would benefit from better regulations, he said.
UPDATE: Bennett and Hatch voted against. That Bennett. What a liberal! Orrin, though, doubles down on the superficial:
Sen. Orrin Hatch called it a "legislative monstrosity." He disagrees with a provision that allows the Federal Deposit Insurance Corp. to dismantle a failing financial firm instead of a bankruptcy court. He also thinks it should have reformed the major mortgage firms Fannie Mae and Freddie Mac.In his desperation to ward off a 9-12er/Patrick Henry Caucus/Eagle Forum/Club for Growth tea-baggn', he's just quoting Heritage commentary verbatim, and passing it off as leadership.