Monday, November 15, 2010

The Banking Industry's New Pet Congressman...

Congressman Patrick McHenry (NC-10) ... who's all fluffy over the prospect of removing those pesky new regs on the Big Banks.

A spokesman for the American Bankers Association, said (whilst patting Congressman McHenry on his freakishly inflated head) that "banks expect a corrections bill to peel back some of the financial regulations passed into law this year. Among them would be a repeal of the so-called Durbin amendment, which cut debit-card fees for retailers, costing banks billions."

As a member of both the financial services and the oversight committees in the new Republican-controlled House, McHenry can't currently suppress his drooling over how many favors he can personally deliver to derail banking regulation and re-unleash the Big Money Boys to do what they damn well please.

It is, after all, their government now.

No comments: