Split Is Forming Over Regulation of Wall Street

OK, it’s simple really, either “we the people” take our money supply back from the fat cat bankers or we give them the rest of the world, they got most of it already. 

WASHINGTON – As Congress and the Bush administration struggle to contain the housing and credit crises – and prevent more Wall Street firms from collapsing as Bear Stearns did – a split is forming over how to strengthen oversight of financial institutions after decades of deregulation.

The administration and Democratic lawmakers in Congress agree that the meltdown in credit markets exposed weaknesses in the nation’s tangled web of federal and state regulators, which failed to anticipate the effect of so many new players in the industry.

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