Wednesday, Sep 24, 2008, 12:09 pm
Sign Bernie Sanders’ Letter Telling Congressional Dems to PUSH BACK
Bank Lobbyists Laugh At Congressional Dems
In a story about Banking Committee Chairman Sen. Chris Dodd's admirable efforts to amend bankruptcy laws and put limits on executive compensation (ie. what should be the absolute minimum in any bailout), Roll Call reports that the financial industry is openly laugh at him and fellow Democrats:
"Not all lobbyists believe the Dodd bankruptcy provision is the real deal. One industry advocate, who would speak only on background, said he believes it was floated
for purely political purposes. 'No one's taking Dodd seriously,' this lobbyist said."
The financial industry's attitude towards Congress is Henry Paulson's attitude: namely, that the national legislature is a joke whose only role is to cut fat taxpayer checks to lawmakers' Wall Street donors. Will Democrats once again be the punchline, or will they push back?
Sign Bernie Sanders' letter telling them to push back - hard.
Jarrett Dapier is a former assistant publisher at In These Times. Previous work for ITT includes interviews with playwright Christopher Shinn and Fugazi guitarist, Ian Mackaye. He currently works with teens at the Evanston Public Library where he runs a recycled drumming program and directs stage adaptations of young adult literature. He lives in Evanston, IL.