Rep Bachus "....Washington and the regulators are there to serve the banks"

[redirish28]

Hey will be in charge of Finance committee.


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



In an interview with The Birmingham News, Bachus made it clear why he opposed stricter regulations for banks in the wake of a huge financial crisis largely caused by Wall Street excess and a lack of prudent regulation. In Bachus’ estimation, the government’s role is not to protect consumers and the wider economy through regulating financial activity, but to simply “serve the banks”:

Bachus, in an interview Wednesday night, said he brings a “main street” perspective to the committee, as opposed to Wall Street. “In Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks,” he said.




HOW THE HELL DID THE AMERICAN PEOPLE DO THIS TO THEMSELVES!!!!

[Lindsay]

1. So I take it that the old government of, by and for the people

has been officially declared obsolete.

[xchrom]

2. Lol - at least he's honest? That's all I got. Nt

[Angry Dragon]

3. He says he is "main street",,,WHAT A BUNCH OF BULL

[notesdev]

4. Damn

Surprised he had the cojones to actually say it straight out. I guess they truly don't care what anybody thinks anymore.

[harun]

5. LOL. Just when you thought he couldn't get any douchier.

[roseBudd]

6. Four words. Old White People Voting

There numbers surged by 16% over the 06 midterms