Sunday, June 30, 2013

Cenk Uygur: Bank Lobbyists Rewrite Financial Regulations

Cenk Uygur of The Young Turks commented on a New York Times article detailing how bank lobbyists did not wait for lawmakers to draft a bill to repeal broad parts of the 2010 Dodd-Frank financial regulations. Instead, they rewrote it themselves. Further, Democratic and Republican  lawmakers who "supported the bills championed by Wall Street received twice as much in contributions from financial institutions compared with those who opposed them." One supporter, Rep. Jim Himes (D-CT), admitted, “It’s appalling, it’s disgusting, it’s wasteful and it opens the possibility of conflicts of interest and corruption. It’s unfortunately the world we live in.” Indeed, this story epitomizes our corrupt political system, which Uygur wants to fight through Wolf PAC. Watch:

(h/t: Best of the Left Podcast)

No comments: