Wednesday, February 3, 2010

Senator Dick Shelby and Republicans on Banking Committee Trying to Kill Proprietary Trading Ban

Tyler Durden at ZeroHedge has a terrific post about the corruption of the Senate Banking Committee.  Mainly Dick Shelby and the Republicans trying to kill any real banking reform and Chris Dodd worried he might ruin his reputation as a legislative coward before he retires.  Tyler Durden lifts some information from the Financial Times, but Durden's analysis adds highly to the story.  This is a must read and I encourage those who want to understand the dirty dealings of Dick Shelby and the Republicans on the Senate Banking Committee to read it.

Watch how Republican Senator Dick Shelby kills the proprietary trading ban before it becomes law, and how he walks out of it unscathed as if he was never involved in the process.  This blogger doubts any media outlet will ask Shelby pointed questions about why he is trying so hard to kill the ban on proprietary trading.  For those of you who don't know, proprietary trading is one of the main reasons your tax dollars are going to big bankers now.  But Senator Shelby seems to think since he gets campaign money from the big banks, it's ok if large banks steal depositors' and taxpayers' dollars.  Read the details at ZeroHedge.

No comments:

Post a Comment

Please Give Your Thoughts