Misnamed JOBS Act – Which Deregulates Financial Markets – Gets Senate Vote Today
By: David Dayen, Firedog Lake
Tuesday March 20, 2012 8:15 am
Go to ten people on the street – go to ten people on Wall Street – and ask them if securities laws created the economic crisis, and only their abolition can bring America back to prominence and prosperity. And before you curse the damn Republicans for selling out to the finance lobby again, consider that only a couple dozen Democrats voted against the JOBS Act in the House, that Chuck Schumer is pushing this bill along in the Senate, it was initially a Democratic bill written by Rep. Jim Himes, and that the White House supports it.