WASHINGTON — The Senate handed a victory to the banking industry on Thursday, defeating a Democratic proposal that would have given homeowners in financial trouble greater flexibility to renegotiate the terms of their mortgages.
...
Twelve Democrats joined all the Republicans in voting against it.
--NYT
Of course we live in a fucking corporatocracy. Did you ever doubt it?
It would be nice if these asshats remembered that they are supposed to be working for the American People. (I know - terminally naive.)
"And the banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place."
--Senator Durbin
The blunt acknowledgment that the same banks that caused the financial crisis "own" the U.S. Congress -- according to one of that institution's most powerful members -- demonstrates just how extreme this institutional corruption is.
The ownership of the federal government by banks and other large corporations is effectuated in literally countless ways, none more effective than the endless and increasingly sleazy overlap between government and corporate officials.
--Glenn Greenwald
h/t to Turkana at Daily Kos
--the BB
2 comments:
But how do you feel about this, Paul?
Word verification: tesses.
Banking establishments are more dangerous than standing armies.
--Thomas Jefferson
I think he was right on this one....
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