Headline Rewrite: Big Banks Don't Seek to Limit Their Own Risks; They Seek More Power to Exclude The Average Taxpayer

FT:  Big banks seek to limit their own risks

By Aline van Duyn in New York

Complex securities businesses that once fuelled explosive profit gorwth on Wall Street and the City of London would be dramatically limited in scope and size under proposals revealed yesterday by leading banks in response to the credit crisis.

The blueprint would restrict complex financial products to only the most sophisticated investors...

Anybody wanna venture a guess as to who meets the criteria for "sophisticated investors"...the banks, and the rich dudes they cater to.  So lemme get this straight...the same banks that are responsible for this mess now want more power and collusion with the government and Fed and Treasury to exclude the rest of the taxpayers?

PS. It's strange that the online FT chose to rewrite it's opening paragraphs to the front page article in print I took this from.