Friday, May 15, 2009

The Senate does not belong to The People

So Congress give the banks tons of money. Then they kill legislation to allow bankruptcy judges to modify mortgages that are under $700k. This happened because the banks quit talking to Congress. Then, THEN the Senate softens the bill that would make credit card issues be nicer to card holders. So this happens. So when legislation that makes sense comes through Congress, these "Senators" pontificate about how Amercians are getting screwed, then as soon as they leave the press conference they are handed a phone and talk to a bank lobbyist who reminds the senator that passage of said bill will hurt the banks because they won't be able to grow their business. So the bill gets modified in the banks' favor. I thought WE owned the banks now. I guess not. This whole bailout crap is not a good thing. These bankers have no shame, no honor, and no respect.

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