Sirotablog

David Sirota is a political journalist and nationally syndicated newspaper columnist at Creators Syndicate. David writes about political corruption, globalization and working-class economic issues often ignored by both of America's political parties.

  • September 24, 2008 7:13 AM

    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.

    Posted by David Sirota
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    Tags: wall street

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