Wednesday, April 22, 2009

Your U.S. Senate, Bought and Paid for By the Banking Industry

As is the case, each day it seems that the voters have less and less say over the rules and regulations enacted by the Senate. The attitude contained by most, if not all Senators is fuck you little people we are untouchable. This has never been more aptly brought to light then in an article in today's New York Times, in which the banking industry is road blocking any legislative reforms. Many of those banks are the same beggars that came running to the U.S. tax payer with their hands out demanding millions of alms to prevent their failure, while still giving bonuses to their big league players with tax dollars.

April 15, 2005 Congress passed a new bankruptcy bill that George H.W. Bush promptly signed into law. It had been lobbied long and hard for in Congress by the banking industry. While it made it much harder (almost impossible) for small households to seek protection through bankruptcy, it had no effect on large corporations. Now, as both the House and Senate try to restrict these ridicules credit card hikes and to allow bankruptcy judges to reset mortgage interest rates and values the banking Industry has their greedy little claws out preventing effective passage of these bills. Guess who by the way is saying "no" to consumer protection? That's right, your national party of "NO", the Republicans. Folks we seriously need to put an end to this.

0 comments: