http://www.businessweek.com/bwdaily/dnflash/content/jun2009/db20090626_446404.htm
Obviously NO lessons learned here.
The fucking over of "The People" will carry on if the financial industry has it's way.
There was no shame in the bailout it was just par for the course.
It wasn't so long ago—against the backdrop of the financial crisis and its aftershocks, amid a tide of popular anger—that financial-industry representatives took pains to acknowledge the need for financial reform, even in their own corners of the sector.
That's beginning to change. While few are arguing against revamping regulation generally, lobbyists and industry trade groups are increasingly arguing that policymakers should tread lightly when it comes to their particular constituents. The ever more vocal objections began right around the time that the Obama Administration unveiled its omnibus proposal for financial regulation, on June 17.
Now banks are pushing hard to fend off a new accounting rule that would force them to put many off-balance-sheet assets back onto their books, and thrifts are fighting to keep the widely criticized Office of Thrift Supervision from being merged with other bank regulators. Hedge funds are calling for caution on rules that go beyond basic registration of the investment pools. The derivatives industry's supporters in Washington are warning that proposals to require increased transparency and more systematic markets for the complex financial instruments could drive up costs for a variety of financial and industrial companies. And the U.S. Chamber of Commerce, which called consumer-protection improvements a key part of reform earlier this year, is fighting against the Administration's proposed Consumer Financial Protection Agency.
