Lobbyists Are Actually Laughing At Dodd & Congressional Dems

[kpete]

Bank Lobbyists Laugh At Congressional Dems
by: David Sirota
Wed Sep 24, 2008 at 10:10

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.
http://sanders.senate.gov/petitions/?petition=Financial_Crisis_1

http://openleft.com
http://openleft.com/showDiary.do?diaryId=8469

[ShortnFiery]

1. Somebody needs to figuratively KNOCK Schumer and Dodds heads together and scream ...

"DON'T DO THIS!!!"

[TooRaLoo]

2. "the lobbyist said"

'nuff said. What an ass.

[redqueen]

3. The nerve of these people... demanding money with no oversight...laughing at reasonable requests...

ENOUGH!

[annabanana]

4. open left link not working...

and Roll Call is a subscribe service ...

I'd like to see the text to this and also the "conservatives plan" that's out to counter B*sh's...

[kpete]

6. fixed

hopefully, peace, kp

[BraneMatter]

5. And they are RIGHT to laugh.

It's all grandstanding. Push back? Since when have the Dems showed any spine against Bush?

The bastards are going to help steal the 700 billion for Wall Street, and screw the people.

If they didn't stand up over the war, they won't over this either.

Obama's statements are just more milktoast.

[Romulox]

7. "Sen. Chris Dodd (D-Conn.)...has received the most from Fannie and Freddie's PACs and employees ..."

It's only a bribe when their guy does it.

http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html

[Solly Mack]

8. No surprises there

The hand outs work both ways...campaign donations/bailouts

[mopinko]

9. keep it up fuzzball.

keep laughing.