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Thread: Tea Party Congressmen Accept Cash From Bailed-Out Bankers

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    Tea Party Congressmen Accept Cash From Bailed-Out Bankers

    Bloomberg.com
    Tea Party Congressmen Accept Cash From Bailed-Out Bankers

    Tea Party favorites such as Stephen Fincher of Tennessee were swept into Congress on a wave of anger over government-funded bailouts of banks.

    Now those incumbents are collecting thousands of dollars for re-election campaigns from the same Wall Street firms whose excesses they criticized. They have taken no significant steps to curb them or prevent future taxpayer-financed rescues.
    same ol', same old - politicians never change
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

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    Re: Tea Party Congressmen Accept Cash From Bailed-Out Bankers

    Quote Originally Posted by Somerville View Post
    Bloomberg.com


    same ol', same old - politicians never change
    It's being pretty damned generous to say that they've "taken no significant steps to curb them"! In fact, they fought financial reform and consumer protection tooth and nail. Now they're getting their pay checks.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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