Friday, May 17, 2013
Submitted by: Tracey Hawkins

Big Banks Rigging The System, Again

[DealBook] Under pressure from Wall Street lobbyists, federal regulators have agreed to soften a rule intended to rein in the banking industry’s domination of a risky market.

[DealBook] The changes to the rule, which will be announced on Thursday, could effectively empower a few big banks to continue controlling the derivatives market, a main culprit in the financial crisis.

Posted by Editor on 05/17/13 at 08:32 AM •  (0) Comments

Tags:  banking, wall street,

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"America does not have an aristocracy or a plutocracy."
Art Pope