Banking Lobby in Washington DC - They 'own' the place

I apologize if I am duplicating any other thread.

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.

Earlier Wednesday, Senate Majority Leader Harry Reid (D-Nev.) told the Huffington Post that the most important provision of bankruptcy reform -- the authority for a bankruptcy judge to renegotiate mortgages, known as cramdown, which banks strongly oppose -- could get ripped out of the bill. Speaker Nancy Pelosi (D-Calif.) pushed back, saying that a bill without such a provision wouldn't be reform at all.

Dick Durbin: Banks "Frankly Own The Place"

Other Sources:

04-27-09 Dick Durbin US Senator on the Economy and Credit Card Bank abuses rayhanania.libsyn.com...

Top Senate Democrat: bankers "own" the U.S. Congress www.salon.com...

Durbin On Congress: The Banks "Own The Place" progressillinois.com...
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What more is there to say?



[edit on 30-4-2009 by Maxmars]