Financial Regulation Bill Will NOT “Put a Stop to Taxpayer-Funded Bailouts”

NPR’s Planet Money: “I Cannot Find Any Experts – Of Any Party – Who Are Willing To Agree With Obama On This One”“‘A Vote For Reform Is A Vote To Put A Stop To Taxpayer-Funded Bailouts,’ Obama Said In His Speech In New York On Thursday. I Cannot Find Any Experts -- Of Any Party -- Who Are Willing To Agree With Obama On This One.” (“Experts Say Bills Won't End 'Too Big To Fail',” NPR, 4/23/10)

“We At [NPR’s] Planet Money Did An Informal Survey Of Economists And Regulatory Experts On The Left And The Right. We Couldn't Find Any Who Fully Endorse The Reforms Backed By President Obama And Democrats In Congress. Everyone Thinks The Reforms Just Aren't Enough To Solve The Problem.” (“Experts Say Bills Won't End 'Too Big To Fail',” NPR, 4/23/10)

“‘We're Not Seeing A Very Forceful Step On The Too-Big-To-Fail Problem,’ Said Carmen Reinhart, An Economist At The University Of Maryland. ‘If there's any doubt that the crisis may be systemic, we will bail out again.’” (“Experts Say Bills Won't End 'Too Big To Fail',” NPR, 4/23/10)
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