Gretchen Morgenson: Leading Financial Reform Proposals Won't Stop 'Bailout Buffet'

Gretchen Morgenson: Leading Financial Reform Proposals Won't Stop 'Bailout Buffet'

EVERY once in a while, Congress awakens from its lobbyist-induced torpor, realizes that the masses are cranky and sets out to appease them. Such a moment occurred last week when lawmakers finally got the message that Main Street is disgusted with Wall Street and wants them to do something about it.

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Unfortunately, the leading proposals would do little to cure the epidemic unleashed on American taxpayers by the lords of finance and their bailout partners.

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