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Financial "Reform" Bill is a Trojan Horse by Wm Greider

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The sale pitch for financial-reform legislation pending in the House claims it would put a stop to bailouts for banks "too big to fail". The reality is the opposite. The Fed would instead be granted unlimited authority to create money and spend whatever it takes to prop up the big boys when they get in trouble. In the next crisis, Congress won't have to be asked for the money - it will come straight from the Fed.

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At www.thenation.com

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