The news of the federal fraud charges against billionaire Texan financier Sir Allen Stanford (he got the knighthood from his dual citizenship from Antigua) has been greeted with glee by pro-regulatory forces because he dared to lobby against financial regulations in the early part of the decade. The Huffington Post huffs and puffs:
Though tough anti-money-laundering legislation overwhelmingly sailed through the House Banking Committee in 2000, it had difficulty getting to another vote as powerful GOP lawmakers — then-House Majority Leader Dick…
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