HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Does this mean the bankst...

Sun May 26, 2013, 09:49 AM

Does this mean the banksters have finally won?

While having my coffee I came across this...
"Banks’ Lobbyists Help in Drafting Financial Bills.."

"WASHINGTON — Bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations. Instead, the lobbyists are helping to write it themselves.

One bill that sailed through the House Financial Services Committee this month — over the objections of the Treasury Department — was essentially Citigroup’s, according to e-mails reviewed by The New York Times. The bill would exempt broad swathes of trades from new regulation.

In a sign of Wall Street’s resurgent influence in Washington, Citigroup’s recommendations were reflected in more than 70 lines of the House committee’s 85-line bill. Two crucial paragraphs, prepared by Citigroup in conjunction with other Wall Street banks, were copied nearly word for word. (Lawmakers changed two words to make them plural.) "

http://dealbook.nytimes.com/2013/05/23/banks-lobbyists-help-in-drafting-financial-bills/

13 replies, 1351 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 13 replies Author Time Post
Reply Does this mean the banksters have finally won? (Original post)
pangaia May 2013 OP
AnotherMcIntosh May 2013 #1
CanonRay May 2013 #5
northoftheborder May 2013 #2
Turbineguy May 2013 #3
hobbit709 May 2013 #4
redqueen May 2013 #6
Octafish May 2013 #9
pangaia May 2013 #13
MrSlayer May 2013 #7
Deep13 May 2013 #8
vi5 May 2013 #10
Initech May 2013 #11
Tierra_y_Libertad May 2013 #12

Response to pangaia (Original post)

Sun May 26, 2013, 09:57 AM

1. Yes.

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to AnotherMcIntosh (Reply #1)

Sun May 26, 2013, 10:17 AM

5. Totally agree

It was over when they got bailed out and the government asked for NOTHING in the way of new regulation and prosecuted no one. Our government surrendered to the banksters.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to pangaia (Original post)

Sun May 26, 2013, 10:10 AM

2. O'bama needs to get his veto pen refilled and primed to go.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to pangaia (Original post)

Sun May 26, 2013, 10:10 AM

3. Not quite yet

but they are getting closer. There are still middle class people who actually have assets just waiting to be stolen.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to pangaia (Original post)

Sun May 26, 2013, 10:11 AM

4. Finally? I'd say they won a long time ago.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to pangaia (Original post)

Sun May 26, 2013, 10:33 AM

6. "The real truth of the matter is, as you and I know, that a financial element in the larger centers

has owned the Government ever since the days of Andrew Jackson..."

FDR

Reply to this post

Back to top Alert abuse Link here Permalink


Response to redqueen (Reply #6)

Sun May 26, 2013, 10:54 AM

9. +1

There were a couple of periods in the last century when the People came first... FDR and Truman, JFK to LBJ. After that, it's been largely money-trumps-peace for Wall Street.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to redqueen (Reply #6)

Sun May 26, 2013, 05:52 PM

13. Sadly, I have to agree with you.

And also sadly, I was gullible enough to think that Obama might be the one to fight back.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to pangaia (Original post)

Sun May 26, 2013, 10:34 AM

7. They won a long time ago.

 

I believe it happened to thunderous applause and by landslide election victories.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to pangaia (Original post)

Sun May 26, 2013, 10:51 AM

8. They won decades ago. nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to pangaia (Original post)

Sun May 26, 2013, 01:21 PM

10. Was there ever any doubt?

 

They won the minute our first Democratic president in 8 years appointed folks like Timmy Boy and had Rahm Emmanuel and Larry Summers at his side. That was basically the waving of a gigantic white flag for the people of American in the fight against the corrupt banking industry.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to pangaia (Original post)

Sun May 26, 2013, 02:17 PM

11. The banksters won on January 21st, 1981.

Ronald Reagan was the worst mistake we ever made in this country.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to pangaia (Original post)

Sun May 26, 2013, 02:22 PM

12. "I think I can say, and say with pride, that we have some legislatures that bring in higher prices

 

"I think I can say, and say with pride, that we have some legislatures that bring in higher prices than any in the world." Mark Twain

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread