Pass That Wall Street Peace Pipe, Senator Dodd

Posted by politicalpartypooper on February 6, 2010

It has been over a year since the dark days before the 2008 Presidential Election, when Hank Paulson and Ben Bernanke came to us with a “little problem”.  That problem caused John McCain to “suspend” his campaign, and rush back to Washington, so he could help Barack Obama and the Democratic Senate give money to AIG and “Banks Too Big To Fail”.  There was fear, there was outrage, and there was genuine concern about the American Economy diving head first into another Great Depression.  But praise be to Allah, that catastrophe was avoided by TARP, a name that even today, is fitting for what it covered up.  AIG and the Big, Big, Big Banks were bailed out of the mess they created, and all Americans could rest assured that our Congress would speed legislation through that ensured this could never happen again.

Fast forward to the present, and to a Democratic Congress and Senate with an overwhelming majority.  It’s one year later, and we still haven’t fixed what caused our financial meltdown.  We’ve heard much rhetoric, and a litany of “We ought to’s”, but to date, none of those are close to the finish line.  But Democratic Senator Chris Dodd has something to say about that.

Senator Chris Dodd, the chairman of the Senate Banking Committee, scolded Wall Street representatives at a hearing Thursday for sending “an army of lobbyists whose only mission is to kill the common-sense financial reforms” needed by the public. “The fact is,” Dodd said, “I am frustrated, and so are the American people.” He charged that Wall Street’s intransigence was the reason for Congress’s failure to pass any bill to regulate the Street. “The refusal of large financial firms to work constructively with Congress on this effort borders on insulting to the American people who have lost so much in this crisis.”  Robert Reich, HuffPost

Ahh, so there you have it.  The failure of the Senate to pass any meaningful Regulation Reform is because Wall Street has an army of lobbyists.

God Damn you, Wall Street.  God Damn you to the everlasting fires of burning Hell!

Where was I?

Oh, yeah.  No meaningful reform passed by Chris Dodd’s Senate because of all those pesky Wall Street lobbyists.  Which leads to the next, most logical question:  Ummmmmm, Chris?  Who are those Wall Street Lobbyists lobbying, anyway?

Could it…



Next most logical question:  Is Wall Street threatening to stop giving you money if you pass Regulation, Chris?  Because, see, if that’s all it is, then you shouldn’t have any problem with this, right?  Cuz we’ve already damned Wall Street to hell, right?  It’s full speed ahead with the Regulation bill, damn the torpedoes, and God save the queen and all that, right?

Right, Chris?

What am I missing?

Oh!  You WANT that Wall Street money for YOUR campaign!  Well, why didn’t you just say that in the first place?  We can fix that easily.  Just negotiate with Wall Street, because of all their legislative power and their super-majority in both Houses, water down a bill with garbage and pork, and pass it, right?




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