From Pine View Farm

Foxes in the Henhouse 0

Reading an article about the opposition of plutocrats and Republicans to the proposal for a department of financial consumer protection, I came upon this gem of a quote:

U.S. Rep. Spencer Bachus (R., Ala.), who opposes the bill, said that it “appears to be premised on the idea that Washington is better at making financial decisions for all Americans than leaving that choice up” to individuals.

And over the past decade, since the repeal of Glass-Steagall was sneaked through the Congress in the middle of the night, individuals have demonstrated just how much competence at making financial decisions under the influence of fast-talking three-piece-suited banksters?

These folks are more interested in protecting the Greenwich, Conn., McMansions of their corporate masters than they are in protecting consumers from predatory Masters of the Universe.

Gag me with a spoon.


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