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Tuesday, March 27, 2012

The Deregulators

Think Progress: Members of Congress who submitted comments advocating the weakening of the already watered-down Volcker Rule — which is meant to rein in banks’ risky trading — have received more than four times as much in campaign contributions from the financial sector as members who demanded stricter regulations, a report released today by Public Citizen reveals

Deregulation of the financial industry is what allowed them to loot the economy and caused the financial meltdown in 2008/2009. Unless we re-regulate the industry it's going to happen again.

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