Samuel Bagenstos, Dahlia Lithwick, writing for Slate:
Of course, it’s not just environmental protections that are to be consigned to the dustbin. The stimulus bill passed contains several provisions reducing regulations on the banking sector—deregulatory actions that have been “long sought” by finance industry lobbyists. But according to a Washington Post report, numerous proposals to help banking consumers during the crisis didn’t make the cut. That included “a proposal to scrap bank overdraft fees; another to impose a 36 percent cap on consumer interest rates; and one to offer free bank accounts, accessible at a bank or the Post Office.” None of those, it seemed, made it in, even though we could find room for a provision delaying accounting rules that would require banks to more accurately report their liabilities.
This vile turd has no bounds.