Merry Xmas, Wall St: "Washington and the regulators are there to serve the banks"

[boutons_deux]

Incoming GOP Financial Services Chairman: Washington’s Role Is ‘To Serve The Banks’

http://thinkprogress.org/2010/12/13/bachus-serves-bank/

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Wall St buys themselves a Santa Claus Repug party.

Any questions?

[Parker2112]

Obama is the most powerful Dem in the country, and he is absolutely owned by big banks. He was drinking egg nog from day one. why distinguish by party?

[boutons_deux]

The Repugs are much worse than the Dems.

Equating the two is yet another false equivalence, aka, a lie.

[TeyshaBlue]

[Parker2112]

The Repugs are much worse than the Dems.

Equating the two is yet another false equivalence, aka, a lie.

lesser of two evils argument concedes that they are both evil. just sayin.

[Parker2112]

Heya, Teysha. Good to see you around.

[PublicOption]

lesser of two evils argument concedes that they are both evil. just sayin.

i concur

[boutons_deux]

bull .

I'm no supporter of the less, disorganized, feckless Dems, but the Repugs and conservatives have been pushing America into a hole while lifting the wealthy and corps to historic levels of power and wealth.

The Dems at least have a nominal commitment to actually governing, while the Repugs "principles" are that govt is 100% bad, can never be a force for good, and they refuse to govern, except to misgovern purposely, the purpose being to lift the oligarchy over everybody else.

Anybody who says they are two sides of the same coin is flattering himself with his own ignorance.

[RandomGuy]

In his quiet campaign for the chairmanship, Bachus promoted an agenda to end taxpayer subsidies for mortgage giants Fannie Mae and Freddie Mac, repeal those parts of the Wall Street reforms that he thinks still leave the door open for taxpayer bailouts of financial ins utions or their creditors, and increase oversight of President Barack Obama's administration.

To be fair to the guy, he backed off the sound bite that created the firestorm.

If he is really for doing something about Too Big To Fail, go for it, this Dem will heartily applaud that.

I won't hold my breath that any Republican will have the nuts to be seen as having even a whiff of "anti-business" in this political climate though.