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Tuesday, April 27, 2010

Republicans protecting Wall Street

Don't let platitudes fool you. In filibustering financial reform Rebubicans are showing that talk about negotiations is just another ploy to deflect and delay.

Also today Goldman Sachs heads are before the Sen. Carl Levin's Subcommittee. I'm sure we'll have some great sound bites before the day is done.

More on Goldman Sachs here. The deal subject to the SEC fraud suit appears to be just one of many. The idea of serving the client's interests seems to be a bygone relic. Instead, it's all about the fees.

UPDATE For the first time since 2004 major Wall Street banks are giving significantly more money to Republican candidates than to Democrats. The return on this investment will probably dwarf even the profits from the sleaziest of deals that Wall Street can concoct.

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