WE'VE MOVED
Please note that we've moved to a new blog at www.LibraryGrape.com.
Sunday, September 21, 2008
Lobbyists Push for No-Strings-Attached Bailout Bill
Financial industry lobbyists are, not surprisingly, telling their sycophantic Republican bootlickers in Congress to just give them the g-d money, attach no strings and DO IT NOW!
House Republican staffers met with roughly 15 lobbyists Friday afternoon, whose message to lawmakers was clear: Don't load the legislation up with provisions not directly related to the crisis, or regulatory measures the industry has long opposed.
"We're opposed to adding provisions that will affect [or] undermine the deal substantively," said Scott Talbott, senior vice president of government affairs at the Financial Services Roundtable, whose members include the nation's largest banks, securities firms and insurers.
A deal killer for the group: a proposal that would grant bankruptcy judges new powers to lower the principal, interest rate or both on a mortgage as part of a bankruptcy proceeding.
Posted by Metavirus at 9/21/2008 03:13:00 PM
Tags: Congress , Economy , Election 2008 , General Election , John McCain , Republicans
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment