How is it that the brilliant, wisecracking, reporter-bullying Barney Frank has become such a toothless tiger on financial reform?
Oct. 8 (Bloomberg) — Legislation by Representative Barney Frank to tighten derivatives regulation contains an exemption that may let most financial firms escape new collateral and disclosure rules, the head of the Commodity Futures Trading Commission said.
“Frank’s committee seems to be intent on gutting any meaningful reform.”
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p>Barney, we hardly knew ya.