The Battle Against Letting Wall Street Continue to Make a Killing on Derivatives

Art Levine, AlterNet: "Early in the morning, outside the House Financial Services Committee hearing room in the Rayburn House Office Building last week, there were scruffy ex-homeless and other low-income folks, wearing their dreadlocks or sloppy jeans, mixed in with the pinstriped reps for the financial industry. They all seemed to be lining up to see what $223 million in financial lobbying in the first six months of this year could buy in thwarting real reform on Capitol Hill. And they were hoping to get the few dozen of the public seats available inside the room, for a critical 10 a.m. hearing marking up a bill that was supposed to regulate the now-private market in complex 'derivatives.'"

//www.truthout.org/1021093



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