Rolling Stone’s Matt Taibbi sees the potential for more Jefferson County-style disasters in H.R. 2827, a “compromise” that sharply reduces the ethical responsibilities of those who sell complex financial products to municipalities.
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For too long, the rules of Wall Street have been written by the bankers themselves. The result was the financial crisis that cost Americans millions of jobs, along with billions in taxpayer-funded bailouts, and trillions of dollars in pension funds, home values, and retirement savings.
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