Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

KamaAina

(78,249 posts)
Wed Apr 8, 2015, 01:01 PM Apr 2015

Wall Street upset by lack of deference from senators

http://jimhightower.com/node/8591

Wall Street arrogance seems to be accelerating even faster than our infinite cosmos is expanding.

It's not enough that the greed and illegal acts of giant financial conglomerates crashed our economy; not enough that they demanded and got a full taxpayer bailout; not enough that no Wall Street executives went to jail for their frauds: not enough that they prevented any restructuring of their too-big-to-fail financial oligarchy; and not enough that they've gone right back to their profiteering casino scams that are setting us up for another crash. Now, consumed by conceit, they are demanding our respect.

In fact, the spoiled Barons of the Street are presently throwing a petty political tantrum, screaming that some US senators are not being sufficiently friendly and deferential to them. Thus, executives from Citigroup, JPMorgan Chase, Bank of America, and Goldman Sachs have been insisting that such senators as Elizabeth Warren and Sherrod Brown be more respectful and soften their tone toward Wall Street.

To put some swat in their snit, the bankers are threatening to withhold campaign donations to the Dems. Citigroup has already held back its annual donation to the Democratic Senatorial Campaign Committee, expressing concern that Senator Warren might be given more power. Yes, Wall Street's gaseous ego is so inflated that it feels entitled to dictate the assignments and power that a US senator can have. Likewise, Reuters reports that JPMorgan was so upset that it met with Democratic Party officials to stress that its campaign donations are dependent on "a friendlier attitude toward the banks."
2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Wall Street upset by lack of deference from senators (Original Post) KamaAina Apr 2015 OP
bankers extortion tour Romeo.lima333 Apr 2015 #1
Well, in that case, fuck 'em eridani Apr 2015 #2
Latest Discussions»General Discussion»Wall Street upset by lack...