Bankers exhale as Tea Party power fizzles
By Peter Schroeder - 05/24/14 05:53 PM EDT
Banks are breathing a sigh of relief after established GOP incumbents bested a handful of Tea Party challengers at the polls recently.
Industry sources said the establishment wins improve Republican odds of retaking the Senate, which would in turn lead to a friendlier climate for the long-beleaguered sector. But some note that the Tea Party has left a mark on the Republican Party, presenting a challenging landscape for the industry.
The Tea Party movement can trace its roots back to fury about bailouts and banks, but the force that pulled the Republican Party right in recent years is finding less success at the polls recently.
In Idaho, Rep. Mike Simpson (R-Idaho) was repeatedly blasted by outside groups for his 2008 vote in favor of the Wall Street rescue, but he soundly defeated his conservative challenger all the same.
Read more: http://thehill.com/policy/finance/207159-bankers-relieved-as-tea-party-tide-ebbs#ixzz32kzwXX5r
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They seemingly organized and ran against Wall Street and the banks but they also joined with Republicans to kill and refuse to support any and all measures pushed by PBO and Democrats in Congress that would have reigned them in and made it less likely for another big implosion to occur. Even the relatively minor Dodd-Frank legislation was too much for them to stomach. If bankers were really worried about the Republican Tea Party, I can't figure out why exactly. 
The banks are winning 
