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AMY GOODMAN: William Black, I want to thank you very a lot for being with us, former financial institution regulator at the Federal Financial savings and Mortgage Insurance coverage Company. With technology advancing at a rapid pace, the gambling business began to look for new ways to convey their services and video games to a wider audience. On Wednesday, the House Financial Services Committee began marking up a bill that may create a Consumer Financial Protection Agency and introduce the primary regulation of the exotic monetary instruments referred to as derivatives. And that’s the invoice that’s launched, and naturally it’s likely to get worse with extra lobbying from the particular pursuits. Bill Black, welcome to Democracy Now! But now finance merely works for finance, and specifically for the elites within finance. And a variety of the Blue Dogs are in jurisdictions where, you recognize, they've to fret about reelection, and so that they think maximizing political contributions is the very best factor they'll do.

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