By GAR ALPEROVITZ
Published: July 22, 2012
College Park, Md.
THE Barclays interest-rate scandal, HSBC’s openness to money laundering
by Mexican drug traffickers, the epic blunders at JPMorgan Chase — at
this point, four years after Wall Street wrecked the global economy,
does anyone really believe we can regulate the big banks? And if we
broke them up, would they really stay broken up?
Most liberals in Washington — President Obama included — keep hoping the
banks can be more tightly controlled but otherwise left as is. That’s
the theory behind the two-year-old Dodd-Frank law, which Republicans and
Wall Street are still working to eviscerate.
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