Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette
ysabetwordsmith

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The Banks Own the Senate

This is not democracy. This is plutocracy, and it is a very bad thing, which we are seeing demonstrated right now. Nobody elected those bankers and their lobbyists to run this country, but that is what they are doing. And the senators, who were elected, are letting the bankers get away with this. I am extremely displeased.

Dick Durbin: Banks "Frankly Own The Place"

Sen. Dick Durbin (D-Ill.) has been battling the banks the last few weeks in an effort to get 60 votes lined up for bankruptcy reform. He's losing.

On Monday night in an interview with a radio host back home, he came to a stark conclusion: the banks own the Senate.

"And the banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place," he said on WJJG 1530 AM's "Mornings with Ray Hanania." Progress Illinois picked up the quote.

Tags: economics, politics
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