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Bottom line: the worst of bad practices will continue, besides teams of lawyers devising ways around whatever regulations emerge. According to University of San Diego Law Professor Frank Partnoy, "Wall Street has always been very skilled at getting around rules, and this law will be no different," especially with its loopholes, half-measures, and overall weakness. Bankers got the best deal big money can buy. The public again was scammed.
Part II will conclude Obama Year Two: Continued Betrayal and Failure.
Stephen Lendman lives in Chicago and can be reached at Email address removed. Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
http://www.progressiveradionetwork.com/the-progressive-news-hour/ .
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