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Of course, the push back on government financial regulation over trading businesses isn't surprising. The people who run the big financial firms and who dole out massive political campaign contributions have had a good thing going–massive compensation with little downside risk to their personal fortunes no matter the recent credit market meltdown. Who wouldn't want that game, supported when necessary by bailouts and cheap Federal borrowing rates, to continue. Sure some big shots–Lewis, Thain, Fuld, Grasso– have been washed out with damaged reputations. But on the Wall Street scorecard–how much money you make–these guys are still well ahead of the game.

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