John Cornyn, Mitch McConnell, GOP Stand By Their Wall St. Man

[Joanne98]

by: Libby Shaw
Fri Apr 16, 2010 at 09:45 AM CDT

Cornyn, McConnell and the Republican Party continues to serve Wall St. breakfast in bed.
Anyone who does not get the fact that the Republican Party works 24/7/365 on behalf of fat cat especially the greed infested oinkers on Wall St., is delusional or lives in some kind of alternative universe.

Where delusion and alternative realities are concerned Teabaggers come to mind. Now that we know the teabagger movement is fueled by a bunch of rich older white guys like Dick Armey and Turd Blossom Rove well, hell. What else is new about teabaggers and right wing Republicans? So much for ginned up fake grassroots movements.


About 25 Wall Street executives, many of them hedge fund managers, sat down for a private meeting Thursday afternoon with two of the most powerful Republican lawmakers in Congress: Senate minority leader Mitch McConnell of Kentucky, and John Cornyn, the senior senator from Texas who runs the National Republican Senatorial Committee, one of the primary fundraising arms of the Republican Party.

Check out the predictably pimped out tools for Wall St.
John Cornyn and Mitch McConnell.


The stated topic of the meeting: The Financial reform bill being sponsored by Senator Chris Dodd, the Democrat and chairman of the senate banking committee. Both McConnell and Cornyn listened to numerous complaints the executives have with the bill. These included complaints about provisions that allow the government to continue to prop up financial institutions
that are "too big to fail."
The undercurrent of the gathering, however, was undeniably political. It came on the heels of President Obama and Democrats in Congress passing health-care reform by a narrow margin, and who are now turning their attention to passing financial services reform a little more than a year after the Wall Street meltdown.

The Senators explained they can't just oppose the Dodd bill - they need to come up with a reform plan of their own, as they fight its least free-market components, such as the notion that the government can determine which banks are "too big to fail."

In the meantime, they need to increase numbers of Republicans in both the House and the Senate if they are going to make an impact on not just this bill, but other measures to increase Washington's control of the financial business. To do that they need the support of the financial community. At one point McConnell quoted something he attributed to Democrat Barney Frank, the chairman of the House Financial Services Committee.

McConnell, according to a person who was present, said "Barney likes to say 'Wall Street used to say we have Washington by the (neck), and we're going to change that.'"

Wall St. does have Washington by the neck and Mitch McConnell and John Cornyn want to keep it that way.

In fact, the Republican plan to protect Wall St. while blaming Democrats for the 2008 bailout and perpetual bailouts is beyond reprehensible.

Continued>>>>
http://www.burntorangereport.com/diary/10252/john-cornyn-mitch-mcconnell-gop-stand-by-their-wall-st-man