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Exotix 12-13-2010 9:01pm

(R-Ala.) Bachus ~ *We're here to serve the Banks*
 
Rep. Bachus tells local paper that Washington should 'serve' banks

Today

Rep. Bachus tells local paper that Washington should 'serve' banks - The Hill's On The Money



Rep. Spencer Bachus (R-Ala.), the incoming chairman of the House Financial Services Committee, is coming under fire from liberal groups for suggesting that federal lawmakers and regulators exist to "serve the banks."

Bachus, who is poised to oversee the implementation of the Dodd-Frank financial regulatory overhaul, made the comment in an interview with The Birmingham News.



"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," he said.


[Another (R) taken out of context on] ... Bachus later clarified his remarks to the paper and said he meant that regulators should set parameters for banks, but not micromanage them. ... [/taken out of context off]


The comment comes after Bachus had to fend off a challenge from Rep. Ed Royce (R-Calif.) to head the Financial Service committee.

Bachus received the endorsements of all the ranking members of the committee's subcommittees, but Royce had the high-profile backing of some conservative groups, including an endorsement from The Wall Street Journal's editorial board.

The comment has been seized by liberal groups as an indication that Bachus plans to undercut the implementation of regulations mandated by Dodd-Frank, including derivatives reform.




A post on the Think Progress blog, run by the liberal Center for American Progress, highlighted the comment.

Wonk Room Incoming Financial Services Chairman: Washington’s Role Is ‘To Serve The Banks’



"Rarely has a Republican lawmaker laid out so starkly just whose interests he believes Washington is supposed to be protecting," the post stated.






Rep. Spencer Bachus (R-AL)

http://2.bp.blogspot.com/_NUZ_fM-TQK...10c_bachus.png

Peter Pan 12-13-2010 9:14pm

The roof fell in at the Metrodome and get the banks to fix the roofhttp://i29.photobucket.com/albums/c2...s/jesusrea.gif

Exotix 12-13-2010 9:16pm

Quote:

Originally Posted by Peter Pan (Post 53324)
The roof fell in at the Metrodome and get the banks to fix the roof

http://i29.photobucket.com/albums/c2...s/jesusrea.gif

Beck said it debunked Global Warming ... he might want to warm up to Tinkerbell ...


http://i51.tinypic.com/3515rp5.jpg

Peter Pan 12-13-2010 9:17pm

Quote:

Originally Posted by Exotix (Post 53327)
Beck said it debunked Global Warming ... he might want to warm up to Tinkerbell ...


http://i51.tinypic.com/3515rp5.jpg

I need to get the take from Al Gore he is the expert on Global Warming:cheers:

Tinkerbell in Texas 12-13-2010 9:21pm

Quote:

Originally Posted by Peter Pan (Post 53330)
I need to get the take from Al Gore he is the expert on Global Warming:cheers:

Al Gore is so full of hot air that he could single handedly re-pressurize the dome in spite of the tears. :D

ChasC5 12-13-2010 9:37pm

A famous person once said … Everyone is a Comedian; few are Funny. :D

Z06PDQ 12-13-2010 9:49pm

so....it was just a Freudian slip? .........riiiiiight. :D

Kneel 8250 12-13-2010 9:52pm

Quote:

Originally Posted by Z06PDQ (Post 53372)
so....it was just a Freudian slip? .........riiiiiight. :D

:rofl:

ChasC5 12-15-2010 8:45am

Quote:

Originally Posted by TxAg (Post 53552)
What famous person was that?

Well if you don't know, then you don't know. :D

ChasC5 12-15-2010 12:09pm

Quote:

Originally Posted by TxAg (Post 53771)
Translation: Chas pulled more garbage out of his rectum.

Better me than you ... :D :seeya:


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