Financial Reform: Ready, Fire, Aim

“Some quotes are too good to ignore, including the following one by my friend Mike Durante, founder of Western Reserve Hedge Fund in Dallas and a former Federal Reserve bank examiner.*

‘. . . some of us . . . have consistently referred to the hypocrisy of President Obama’s so-termed ‘Comprehensive Financial Reform’ so we never ever ever never ever never again experience a housing crisis again which EXCLUDES HUD, Fannie Mae, Freddie Mac, GMAC, Car Dealers, Chrysler Credit and R/E attorneys. Instead we are to believe we need 3,000 pages that attack credit card transaction fees, derivatives trading, profits and banker compensation as a means to promote no future housing frivolity.'” Read more.

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