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Red Tape Would put a Crimp in Wall Street’s Style

12/17/09 Stockholm, Sweden – Given the extraordinary bailouts and other forms of aid and intervention by the government you might expect the feds to at least extract a pound of flesh from the bankers. Of course, that hasn’t been the case.

If there’s one set of elites that can rip off bureaucratic red tape as if it were only a Band-Aid, it’s Wall Street’s exceptional rip-off artists.

 

WallStreetHumpty

Author Image for Rocky Vega

Rocky Vega

Rocky Vega is a regular contributor to The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.

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