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Wednesday, April 21, 2010

Goldman Sachs wants regulation, not laissez-faire

When all is said and done in Wall Street regulation, Goldman will be the winner. I explain in my column:
So, just as drug companies and insurers used Republicans to kill the public option before using Democrats to mandate insurance and subsidize drugs, big banks are using Republicans to kill a bank tax while using Democrats to erect barriers to entry, to institutionalize bailouts, and to restore confidence in Wall Street.

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