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Rob Kailey is a working schmuck with no ties or affiliations to any governmental or political organizations, save those of sympathy.

US Chamber to Step Up Fight Against Banking Reform in Montana

by: Matt Singer

Wed Mar 17, 2010 at 08:40:46 AM MST


The US Chamber of Commerce is declaring Montana a target on banking reform. With only six small and mid-size states in the mix, we can expect to see a healthy piece of the $3 million budget headed our way no doubt.

The Hill article portrays this as potentially being about seeking some changes to the bill. Frankly, a lot of this shit is in the weeds and well outside my areas of expertise, but my sense also is that here, as in healthcare, the Chamber isn't playing to amend or fix. They're playing to kill because a small number of their members care deeply about this sector of the economy.

Wall Street is obscenely out of hand, especially for a sector of the economy that fundamentally doesn't do anything. We don't need financial innovation. We need fucking banks that work. More of those, please.

Matt Singer :: US Chamber to Step Up Fight Against Banking Reform in Montana
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And we're willing to kill any chance of reform now (0.00 / 0)
in the hopes that we can get something better in the future. Classic example of the perfect being the enemy of getting started.....

Of course they are... (0.00 / 0)
back in the 1920's the head of the US Chamber said we should liquidate all the farmers, and union members.

Look, over the last 45 years Republicans, with a little help from the Democrats, have strangled the regulators via budget cuts, inadequate funding, and elimination of every regulation they could eliminate..why should they stop now?

The one thing that is certain...MOST people realize it was the banks that have repeatedly needed taxpayer bailouts....MOST people realize that banks have to be regulated or they will screw themselves and us again...

The US Chamber promotes a radical corporate agenda that believes the power and the wealth of the Nation is better off in the hands of the few, rather than the many.


Slightly to the side like, (0.00 / 0)
I do notice that the Chamber's favorite poster boy, Tom Burnett, is running against JP Pomnichowski in what is certain to be one of the state's most expensive races, again.

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