Remember those headlines about congress passing a financial reform bill that would prevent another financial meltdown and make large banks and hedge funds start paying their fair share of taxes?
WASHINGTON — Congressional negotiators briefly reopened the conference proceedings on a sweeping financial regulatory bill on Tuesday after Senate Republicans who had supported an earlier version of the measure threatened to block final approval unless Democrats removed a proposed tax on big banks and hedge funds.
Conference negotiators voted to eliminate the proposed tax and adopted a new plan to pay the projected five-year, $20 billion cost of the legislation.
And the thing I love is that the guys who stopped it weren't even going to vote for it in the first place.
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