Our Opinion: Bad bill puts taxpayers on hook
Money sure talks in Washington. Case in point: the misleadingly named Swaps Regulatory Improvement Act, H.R. 992.
The measure, which easily passed the U.S. House with bipartisan support, was almost entirely written by Citigroup (one of the biggest banks in the United States) and guts Section 716 of the Dodd-Frank financial reform bill.
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