Wall Street Whores

[marmar]

from OurFuture.org:



Wall Street Whores
By Isaiah J. Poole

February 8, 2010 - 12:16pm ET


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I don't like to use the term "whore" lightly. But what else, in our current economic environment, would you call this?

Republicans are rushing to capitalize on what they call Wall Street’s “buyer’s remorse” with the Democrats. And industry executives and lobbyists are warning Democrats that if Mr. Obama keeps attacking Wall Street “fat cats,” they may fight back by withholding their cash.

... Senator John Cornyn of Texas, chairman of the National Republican Senatorial Committee, said he visited New York about twice a month to try to tap into Wall Street’s “buyers’ remorse.”

“I just don’t know how long you can expect people to contribute money to a political party whose main plank of their platform is to punish you,” Mr. Cornyn said.

Or this?

In discussions with Wall Street executives, Republicans are striving to make the case that they are banks' best hope of preventing President Barack Obama and congressional Democrats from cracking down on Wall Street.

... Last week, House Minority Leader John Boehner of Ohio made a pitch to Democratic contributor James Dimon, the chairman and chief executive of J.P. Morgan, over drinks at a Capitol Hill restaurant, according to people familiar with the matter.

Mr. Boehner told Mr. Dimon congressional Republicans had stood up to Mr. Obama's efforts to curb pay and impose new regulations. The Republican leader also said he was disappointed many on Wall Street continue to donate their money to Democrats, according to the people familiar with the matter.

The bipartisan courtship rituals between big politics and big money in Washington are bad enough, but Republican leaders in Congress are in the process of taking the process to a new low by openly declaring, "Give us your money and we will do your bidding."

They do so in spite of the grassroots anger against the banking industry and polls that indicate majority support for the financial reforms that the banking industry vigorously opposes. .............(more)

The complete piece is at: http://www.ourfuture.org/blog-entry/2010020608/wall-street-whores

[Mari333]

1. oh, the bankers will have a hissy fit if they dont get their way, huh

looks to me like they have been getting their way so far anyway...with republicans and dems.

[Jackpine Radical]

2. If the Dems have any brains at all, they can spin this into a huge positive

in November. Let Wall Street and the Reublicans portray them as the anti-banker party. Sounds like a winner to me.

[Mari333]

3. they dont have any brains, alas

knowing the dems these days, many of them will bend over backwards to accomodate the banks even more. they often choose the stupid path.

[laughingliberal]

4. That is exactly what they should do

Of course, if they're still chasing the donations for themselves, that will make it a little difficult. Obama and the Congress need to go all FDR on them, "We welcome their hatred on behalf of the American people....

[Larkspur]

5. Dems have compromised their souls long ago when they too became addicted to corporate cash

Not all Dems have pimped themselves out to Wall Street, but most of the leadership ranks have.

[arthritisR_US]

6. yep, and I'm hoping it's never too late to change. n/t

[NashVegas]

7. "Pimps" May Be a More Apt Word

IMO.