Dodd sheds tears over financial reform that makes Americans weep

            Like the healthcare bill House Speaker Nancy Pelosi said had to “be passed to find out what is in it”, the new and improved most transparent processes of the House of Representatives approved financial and banking reforms.

            A teary-eyed Sen. Christopher J. Dodd (D-Conn.), walked out of the middle-of-the-night negotiations at dawn to say, “No one will know until this is actually in place how it works.”

            This Washington Post article gives the details, but the government essentially created a whole new bureaucracy to oversee a system the government colluded on with bankers and financiers to rob American taxpayers.

            Open and transparent real change we can believe in. Trite phrases of appeasement from an out-of-control federal government. There is change all right, but it is not change for the better. Once again, entrenched politicians have failed to govern and instead gives us crocodile tears.

“An appeaser is one who feeds a crocodile hoping it will eat him last.” Sir Winston Churchill

There may be a ray of hope for a Republican  filibuster against the Frank’n’Dodd Wall Street reform bill according to Smitty on The Other McCain blog.

Politico is reporting that the illness of West Virginia’s Democratic Sen. Robert Byrd poses a threat to the bill’s passage. Byrd has served in the Senate longer than any other senator. Ill and infirm, Byrd’s critics believe the senator should have retired long ago.

UPDATE:

          MSNBC’s report of the death of Sen. Robert Byrd contains the usual fawning accolades for a man who stayed on the job long past his useful years.

          The loss of Byrd’s vote potentially derails passage of the Frank’n’Dodd banking reforms. It’s the silver lining on the passing of the longest-serving senator in U.S. history.

UPDATE II:

          Massachusetts Republican Sen. Scott Brown pledges a no vote on Frank’n’Dodd banking bill because of tax inclusion. The Wall Street Journal is reporting that the bill’s passage is now “uncertain.”

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About zingstrom

Journalist, free-lance writer, photographer and aviator.
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One Response to Dodd sheds tears over financial reform that makes Americans weep

  1. Pingback: Fitting Military Jeremiad Refreshingly Accurate : The Other McCain

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