Monday Morning Phone-a-Rama
27 minutes ago
News and commentary on why America needs Barack Obama at this moment in our history.
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
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