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Mon Apr 30, 2012, 01:13 PM

Tea Party Congressmen Accept Cash From Bailed-Out Bankers

Source: Bloomberg

Tea Party favorites such as Stephen Fincher of Tennessee were swept into Congress on a wave of anger over government-funded bailouts of banks.

Now those incumbents are collecting thousands of dollars for re-election campaigns from the same Wall Street firms whose excesses they criticized. They have taken no significant steps to curb them or prevent future taxpayer-financed rescues.

Republican freshmen have made clear their disdain for expanding government, and openly opposed a financial regulatory overhaul enacted by Democrats in 2010 before the newcomers arrived in Washington. Their ranks include 10 Tea Party-backed freshmen on the House Financial Services Committee, part of a force that won election in a populist backlash to government spending that included emergency lending to major banks and bailout of firms including U.S. automakers.

Still, the lawmakers haven’t passed, considered or even introduced legislation to address concerns about “too-big-to- fail” banks voiced by members of both parties and such Federal Reserve bank presidents as Richard Fisher of Dallas and Jeffrey Lacker of Richmond, Virginia.

Read more: http://www.bloomberg.com/news/2012-04-30/tea-party-congressmen-accept-cash-from-bailed-out-bankers.html#2012

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Reply Tea Party Congressmen Accept Cash From Bailed-Out Bankers (Original post)
Galraedia Apr 2012 OP
Roland99 Apr 2012 #1
Javaman Apr 2012 #2
sakabatou Apr 2012 #3
RobertEarl Apr 2012 #4

Response to Galraedia (Original post)

Mon Apr 30, 2012, 01:17 PM

1. Snake oil salesmen

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Response to Galraedia (Original post)

Mon Apr 30, 2012, 03:11 PM

2. anyone really surprised?

once they stepped up the free lunch and free health care counter all was forgotten.

nothing but grifters.

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Response to Javaman (Reply #2)

Mon Apr 30, 2012, 08:09 PM

3. Nope, not surprised

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Response to Galraedia (Original post)

Mon Apr 30, 2012, 08:36 PM

4. Bought and paid for

Bankers know how and where to buy them some loving.

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