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Well, hopefully they aren't funding those banks. Right now all that is happening is removing the funding from ACORN, which I think is appropriate.
Also, Congress is already in process of throwing more regulations at the industry. The problem is, that for the unscrupulous (of which there are many on Wall Street), there is always some creative way around regulations. OI've heard wise financial advisors say the biggest problem with regulation is they are always regulating the last problem, with not real way to anticipate the next one.
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