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A disgusting, although not in any way shocking, story fronting the Wall Street Journal today. For all the recent ills of Eliot Spitzer, his rampant ambition for higher office led him to actually be able to push through some much needed reform early in the 2000s as NY's Attorney General, after the abuses of the 1990s. Obviously our banking oligarchy were incensed, and it seems one of the nation's main regulators has been working hand in hand with the oligarchs to try to reverse some of those reforms. Yet another example, in a countless string, of a captured US regulator.
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