Posts Tagged ‘reform’

“Agreeing with House Financial Services Committee Chairman Barney Frank that the current financial turmoil “was brought on by mortgage foreclosures,” Kentucky’s senior federal bankruptcy judge, Joe Lee of Lexington, also blames a greedy credit industry for selling Congress “a bill of goods” three years ago.” Crisis rooted in bankruptcy law | Lexington Herald-Leader

Recognize this pattern? Industry promises that freedom from regulation will lead to lower prices. Government goes along with the plan. Then industry jacks up prices now that nobody can tell it not to. Typical. Report: cable more expensive in wake of FCC franchise reform | Ars Technica