Washington did it again.
Last week the Senate passed a financial overhaul that balloons the role of government while suffocating small businesses. It's Washington theatrics at its worst, and I've had enough.
Instead of punishing the fat cats, Washington has given them the opportunity to feed off the American taxpayer and grow even fatter. And in failing to address the root causes of the financial crisis, this bill actually ensures that the next crises will be even worse!
Related stocks: Bank of America Corporation (Public, NYSE:BAC), Citigroup Inc. (Public, NYSE:C), JPMorgan Chase & Co. (Public, NYSE:JPM), Wells Fargo & Company (Public, NYSE:WFC)
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.