Wednesday, June 30, 2010

Quote of the Day

Tim Fernholz:

At the end of the day, this will have little affect on the mechanics of the financial regulation bill, but it is a loss for good policy. Brown has demonstrated his ability to squeeze the legislative process for what he can get--he's a Bay State [Sen.] Ben Nelson [D-NE] now--but I wonder if his constituents will reward him for what he got: Loopholes for bank-operated hedge funds and the elimination of a bank tax.
But at least Sen. Brown's constituents know about it. Unlike some other states, Massachusetts still has media outlets that operate on the archaic principle that holding elected officials accountable is part of their job.

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