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July 21, 2010 – Comments (0)

It has been signed:

http://news.yahoo.com/s/ap/20100721/ap_on_bi_ge/us_financial_overhaul

To be sure I am all for financial reform, but this doesn't cut it. The big banks are just as big, even bigger really. Too big to fail is still alive and well.

I also thought that move the ratings agencies pulled today was pretty interesting. Telling everyone to not use their ratings for their investment vehicles so as to avoid any potential liability from this very bill. Man what a mess...

JMo

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