...legislation would create a mechanism to dissolve huge globally interconnected banks; provide first-ever regulation of exotic financial instruments called derivatives; rein in excessive speculative investment on Wall Street; require banks to set aside more capital in reserve; eliminate the much maligned Office of Thrift Supervision; and tighten supervision over credit-rating agencies who sold out investors. |
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At www.mcclatchydc.com
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.