QUOTE OF THE DAY

“The bill is so anti-American as to have one think it was being written by

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“The bill is so anti-American as to have one think it was being written by the Chinese rather than any American legislator.”

–Dick Bove, on the Brown-Vitter banking bill that would require, by Bove’s estimate, big banks to raise an additional $500 billion in capital. It’s as if some people in Washington prefer that big banks simply get out of the lending business entirely. . .