Thursday, June 24, 2010

Barney Frank, Top Congressional House Stooge To Wall Street, Tries To Gut Blanche Lincoln's Derivatives Reform

We said some time ago the Lincoln amendment would determine whether we get any reform at all. This reform legislation already stinks of complete rot. Now even marginal amendments like Lincoln's are being attacked by the Congressional stooges who have made a mockery of democracy in order to serve their corporate masters.

The House effort to gut Lincoln's reform (led by chief stooge Barney Frank) is so extreme, said Greenberger, that enough progressives in the Senate would abandon the bill on a final vote and bring down reform altogether.
posted by TimingLogic at 1:14 PM