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“
This helps explain why taking action against the banks is so difficult – as if anyone reading this blog hadn’t already figured that out!