Posted by: Boston Bravery | May 4, 2010

The White House’s 10 Most Wanted Lobbyist Loopholes

The White House blog as an entry from Dan Pfeiffer, the White House Communication Director put out a list of the top 10 lobbyist loopholes in the Wall Street Reform bill.

  1. Okay, consumer protection rules are fine… Just don’t enforce them.
  2. Letting non-banks play by a weaker set of rules.
  3. If you can’t kill consumer protection new, starve it to death later.
  4. Preventing states from protecting their own citizens.
  5. Removing the derivatives trading requirement to protect Wall Street profits.
  6. Stretching the derivatives “End-User” exemption into a hedge fund loophole.
  7. Creating an “AIG loophole.”
  8. Who needs to know what’s happening at insurance companies.
  9. Letting firms make loans without skin in the game.
  10. Preserving “Too Big to Fail” while pretending to kill it.

I would think regardless of which side of political pole you are you could agree that these need to go from the bill.


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