“It is quite clear that the US Congress has a decision to make regarding this essentially self-regulated yet non-competitive industry with duopoly profits. These entities wield extraordinary power in their role as gatekeepers to the bond markets.”
Sounds a lot like the U.S. government. Does this guy really think that anything is going to change? The government is essentially self-regulated(by the repubs), and is non-competitive(since they control all 3 branches), and have duopoly profits(they make money on everything they touch....for themselves of course....see Dubai ports deal).
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