Rachel Maddow: Corporations Are "Child Labor-Endorsing, Pro-Slavery Freaks" for Trying to Skirt Trade Laws

By , AlterNet
Posted on November 11, 2009, Printed on November 12, 2009
http://www.alternet.org/story/143891/

The following is excerpted from the Nov 10 Transcript of the Rachel Maddow Show on MSNBC.

Rachel Maddow: The new rules for Wall Street and the banks will also create a consumer financial protection agency. So in the same way that regulation keeps off the market things that, when used as directed, have a good chance of killing you, things like long darts, or cars with the fuel tank right next to the bumper.

A consumer financial protection agency would keep off the markets, say, really bad mortgages that, when used as directed, are likely to blow up in your face as well. Are these bills from Barney Frank and Chris Dodd the end-all, be-all for Wall Street rules? Will these prevent the shunting of all the financial risk on to the public while those doing the shunting never personally risk anything more than drowning in their own bonus money?