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    Sherman, who voted against the bank bailout last year, has been a leading liberal critic on Wall Street reform. "So far Wall Street has gotten just about everything it wants from Washington, and I think it will be very hard to deprive them of what they think as their right, which is an implicit guarantee for the big guys that lasts forever and that they never have to go flying down to Congress on their private jets to beg for it ... And of course, no restrictions on executive compensation or anything like that." Language in the administration proposal would empower the executive branch to “commit unlimited amounts of taxpayer money to helping in any of the standard ways any systemically important financial institution,” Sherman said. Full Article at The Politico
    So far Wall Street has gotten just about everything it wants from Washington, and I think it will be very hard to deprive them of what they think as their right, which is an implicit guarantee for the big guys that lasts forever and that they never have to go flying down to Congress on their private jets to beg for it ... And of course, no restrictions on executive compensation or anything like that.
    Brad Sherman Brad Sherman SOURCE: The Politico 2 months ago