Want to fix the economy? Let Uncle Sam regulate bank tellers’ pay

Did you know the Obama-Dodd financial reform bill now in a Senate-House conference committee gives the federal government the power to regulate how much community banks pay their tellers? Here’s betting that’s just one of many things containined in the measure few people outside of Congress know about.

Texas Republican Rep. Jeb Hensarling laid it all out Thursday in his opening statement to the conference committee, including the basic fact the current economic recession wasn’t “caused by deregulation, but dumb regulation:”

 

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