Corruptocrats and financial “reform”

It looks like Chris Dodd’s financial “reform” bill is dead in the senate – for now. (story here) The democrats are not giving up so you can expect this fight to continue because it has the full support of our dear comrade leader.

Given that Dodd and our dear comrade have been two of the biggest beneficiaries of Wall Street largess, you can bet that the financial titans have had a large hand in crafting this “reform” to benefit themselves. This post (from Michelle Malkin) points out the underhanded details of the “reform” bill.

In Chicago politics, there’s an old term for the publicly-subsidized pay-offs meted out to the corruptocrats’ friends and special interests: Boodle.

In the age of Obama, “reform” is all about the boodle. So it was with the stimulus. And the massive national service expansion. And the health care bill. And so it is with the financial “reform” bill set for a Senate vote at around 5:30pm Eastern today. In front of the cameras, the Democrats will lambaste the greedy, Wall Street money. Behind the scenes, they’re pocketing Wall Street campaign donations and working out deals.

Read the whole thing…

Advertisements

One Response to “Corruptocrats and financial “reform””

  1. […] new bureaucracy (more here) to a bailout tax (more here) for Dodd’s big business cronies (more here) to social reform and wealth redistribution (more here), even Dodd himself doesn’t know how […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: