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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (149889)	9/24/2008 1:56:22 PM
From: Broken_Clock	Respond to of 306849

To: GST who wrote (97636) 9/24/2008 1:53:11 PM From: Crimson Ghost 1 Recommendation of 97638 Bank Lobbyists Laugh At Congressional Dems By David Sirota In a story about Banking Committee Chairman Sen. Chris Dodd's admirable efforts to amend bankruptcy laws and put limits on executive compensation (ie. what should be the absolute minimum in any bailout), Roll Call reports that the financial industry is openly laughing at him and fellow Democrats: "Not all lobbyists believe the Dodd bankruptcy provision is the real deal. One industry advocate, who would speak only on background, said he believes it was floated for purely political purposes. 'No one’s taking Dodd seriously,' this lobbyist said." The financial industry's attitude towards Congress is Henry Paulson's attitude: namely, that the national legislature is a joke whose only role is to cut fat taxpayer checks to lawmakers' Wall Street donors. Will Democrats once again be the punchline, or will they push back?