Wow...! A politician speaks the truth: "My view is that Washington and the regulators are there to serve the banks"
Alabama Republican Spencer Bachus, the incoming chairman of the House banking committee, suggested Congress and federal regulators should play a subservient role with banks.
"In Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks," Bachus told The Birmingham News in an interview.
The Republican leadership last week designated Bachus the next chairman of the powerful House Financial Services Committee, which is tasked with overseeing banks, financial markets, housing and consumer credit.
not that we haven't known this all along... i just didn't expect to hear it from the incoming chair of the house banking committee...
do you suppose he's ever heard of the quaint notion that congress is supposed to serve the common good of the american people...? nah... probably not... Submit To Propeller