Straight from the Horse’s Mouth
It’s no secret. If we didn’t know it before, we certainly know it now. It’s just that no one before has put it so succinctly. But this week Sen. Dick Durbin (D-IL) did just that. The Senator has been fighting the gargantuan banking lobby for the past month trying to garner enough votes to pass legislation that would reform the bankruptcy laws in favor of the consumer. This week it seemed he hit that proverbial brick wall of greed.
The banking lobby is the most powerful and effective lobby in Washington. It spends millions each year bribing Congress to shelve pro-consumer legislation, and over the past several weeks it has been particularly busy throwing its weight around and reminding lawmakers who’s really in charge. In response Sen. Durbin made these remarks:
“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.”
Well, at least there’s one person on the hill willing to admit on which side the Congressional bread is being buttered. Thank you, Senator. If this isn’t enough for us to get on the phone and support election reform, I don’t know what it’s going to take. To listen to the Senator’s words, click on this link: