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Bill Maher doesn't get it regarding the financial crisis. Durbin: 'Banks frankly own the place.'

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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-27-09 12:01 PM
Original message
Bill Maher doesn't get it regarding the financial crisis. Durbin: 'Banks frankly own the place.'
This is why Senators voted 33-60 against Bernie Sanders' credit card usury amendment--which would have capped interest rates at 15%. It is not because 'people are just not very good to one another' as you lamented on a recent show.

http://politics.nytimes.com/congress/votes/111/senate/1/191

Here is what Durbin said in a link from Huffpo regarding banks and their undue influence on Congress. Durbin was a co-sponsor of Bernie Sanders credit card usury bill, as well.

Sen. Dick Durbin (D-Ill.) has been battling the banks the last few weeks in an effort to get 60 votes lined up for bankruptcy reform. He's losing.

On Monday night in an interview with a radio host back home, he came to a stark conclusion: the banks own the Senate.

"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," he said on WJJG 1530 AM's "Mornings with Ray Hanania." Progress Illinois picked up the quote.

http://www.huffingtonpost.com/2009/04/29/dick-durbin-banks-frankly_n_193010.html

Here is a link to see just how much the financial, real estate and insurance sectors donates to the campaigns of our members of Congress:

http://www.opensecrets.org/industries/indus.php?ind=F&goButt2.x=8&goButt2.y=2&goButt2=Submit
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redqueen Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-27-09 12:07 PM
Response to Original message
1. That's been the case since the 1800s.
Edited on Wed May-27-09 12:08 PM by redqueen
Maybe someday greed will be less of an influence on members of Congress.

Hah, I crack myself up.
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-27-09 12:11 PM
Response to Original message
2. So far, financial 'reforms' have reinforced existing power structures. Not at all like the '30s.
FDR: So far the economic royalits have really made out well.
ER: Indeed they have, darling...


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GreenTea Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-27-09 02:46 PM
Response to Original message
3. Bill Maher doesn't get it regarding teachers or unions or nurses or unions or firefighters or unions...
Edited on Wed May-27-09 02:49 PM by GreenTea
or workers or unions, etc...

Bill Maher just doesn't understand unions, but he seems to understand corporate lobbyist (money buying influence)....Lobbyist doing all they can to get even more for the corporations at the workers expense, while trying to destroy unions forever, if the corporations with their billions of dollars in lobbyist money can buy legislation to make unions all but illegal & insignificant for the "peasant" workers!
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