In an interview with the Pittsburgh Tribune Review, House Minority Leader John Boehner (R-Ohio) said of the Wall Street reform bill, “This is killing an ant with a nuclear weapon.”
Wall Street, an ant? You mean the bankers who have been spending more than a million dollars a day on lobbyists to kill the bill? You mean the gargantuan institutions whose reckless, predatory actions caused the near-collapse of the financial system and plunged us into the Great Recession? Sorry, I’m really not seeing anything ant-like here.
And then he says the reform bill is like a nuclear weapon. I guess he’s trying to say it’s too strong. Yeah, there are some good, strong regulations in the bill, like the consumer financial protection bureau and increased transparency in the derivatives market. More