Re: GOP Stands With The Big Banks

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No thanks, I've proven what needs to be proven.

The Democrats stand by big banks and take money from them quid pro quo.

In case you don't get it, I don't trust ANY of our representatives. They're all bought and paid for.

Still, the Democrats are proposing regulation of the banks, the Republicans are opposing it. Maybe the Democrats are biting the hand that feeds them, but that's not a bad thing in my opinion.

barfo
 
Still, the Democrats are proposing regulation of the banks, the Republicans are opposing it. Maybe the Democrats are biting the hand that feeds them, but that's not a bad thing in my opinion.

barfo

Richard Shelby, the top Republican on the Banking Committee, said Monday before the vote, "Most Republicans want a bill, but they want a substantive bill."

The Alabama senator has been negotiating with committee chairman Chris Dodd, D-Conn.

Shelby aides said he wants to tighten language that he believes would give the Federal Reserve and the Federal Deposit Insurance Corp. too much flexibility to assist large banks and their creditors. Shelby also wants to restrict the rule-writing powers that Dodd would give a consumer financial protection bureau within the Federal Reserve.

Shelby aides have been writing an alternative to Dodd's legislation in the event negotiations fail.

Shelby, emerging from a meeting with Dodd, said they planned to meet again, with their respective aides, to hammer out some areas of agreement.

...

Administration officials have expressed qualms in the past about the sweep of that provision. But the White House statement Monday commended the Agriculture Committee for its work. Sen. Judd Gregg, R-N.H., who had worked on derivatives provisions, called the spinoff idea unnecessarily punitive and disruptive to the banking system.
 
http://www.opensecrets.org/usearch/...10677907462955562473:nlldkv0jvam&cof=FORID:11

Goldman Sachs

Top Contributor to Member(286 results)
Goldman Sachs to Arlen Specter (R) in 2010
Goldman Sachs to Ben Cardin (D) in 2010
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Goldman Sachs to Bill Foster (D) in 2010
Goldman Sachs to Bill Nelson (D) in 2010
Goldman Sachs to Bill Posey (R) in 2010
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Goldman Sachs to Charles E Schumer (D) in 2010
Goldman Sachs to Chris Dodd (D) in 2010
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Goldman Sachs to Frank R Lautenberg (D) in 2010
Goldman Sachs to Gregory W Meeks (D) in 2010
Goldman Sachs to Ileana Ros-Lehtinen (R) in 2010
Goldman Sachs to Jack Reed (D) in 2010
Goldman Sachs to James Webb (D) in 2010
Goldman Sachs to Jay Rockefeller (D) in 2010
Goldman Sachs to Jeff Bingaman (D) in 2010

Why is Arlen Specter listed as a Republican in 2010?
 
Still, the Democrats are proposing regulation of the banks, the Republicans are opposing it. Maybe the Democrats are biting the hand that feeds them, but that's not a bad thing in my opinion.

barfo

“Roast me! Hang me! Do whatever you please,” said Brer Rabbit. “Only please, Brer Fox, please don’t throw me into the briar patch.”
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