But behind the scenes, Barney Frank, Chris Dodd, Chuck Schumer, and the rest of the congressional carnival barkers have to know better. They also have to know, however, that even though they played key roles in shoving first the financial system and then the whole economy over the brink, they have emerged from the mess that they made smelling like roses. They still have their power; the campaign contributions from the fat cats keep pouring into their coffers; and they continue to drive the Obama administration’s make-believe financial-reform bills through the congressional maze toward their ultimate enactment as the next round of bad financial law—the selfsame sort of bad law under which this country has suffered ever since Ben Cohen, James Landis, and Tom Corcoran fired up this destructive locomotive during the early New Deal.
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