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Bank Lobbyists Laugh At Congressional Dems
By David Sirota
September 24th, 2008 - 9:12am ET
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 laughing at him and fellow Democrats:
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 laughing 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?
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?
https://www.ourfutur e.org/blog- entry/2008093924 /bank-lobbyists- laugh-congressio nal-dems