Friday, May 21, 2010

Financial Reform Bill passes and the rats come out

Isn’t funny how life plays out sometimes. Yesterday the Senate passed the Financial Reform bill. The bill was passed with the aid of four Republicans. Olympia Snow and Susan Collins, naturally went along with the madness. Chuck Grassley and Scott Brown were the other two.  Brown threw in his hat for a little bit of crony capitalism: 
Brown's vote was secured partly through the help of Frank, his Massachusetts colleague. In an interview, Frank said Brown called him Wednesday evening as Frank was working out on the elliptical machine in the House gym. Brown wanted assurances that Frank would fight in conference to preserve provisions in the House bill that protect large and solvent Massachusetts institutions, such as State Street and Fidelity, from "unnecessary intrusion" by government regulators. Over the next 24 hours, Frank sent Senate leaders two letters stating his position, and Brown indicated that "on that basis, he could vote for cloture," Frank said. 
I hope this quells any more foolish talk of Brown 2012.  He was the panic button to stop ObamaCare.  Since that failed, there is little need to continue to support this guy the next time around.

After the Senate voted to end debate (again with Brown’s help) Obama came out to the Rose Garden to laud the bill and push for its passage. As Obama droned on about things the bill is suppose to do, but clearly won’t, a rat scurried past the podium
Obama had just begun an afternoon statement to reporters lauding the end of a Senate filibuster on his financial overhaul plan when some kind of rodent — opinions differ on which — dashed out of the bushes to his right, just outside the Oval Office. 
There is something very fitting about that rat showing up. The Financial Reform bill that is supposed to have addressed the causes of the financial meltdown, does not address two of the biggest causes, Fannie Mae and Freddie Mac or using bailouts for companies “too big to fail”.

Perhaps the Associated Press was trying to say that in an underhanded kind of way: 
Moreover, rodents of all kinds are pretty common in Washington… 
Yes, they are pretty common, and come November 2nd the voters get to play exterminator.

Via: Politico 


Lipton T. Bagg said...

Scott Brown and rodents in the same post.

Coincidence? I think not!


Janelle said...

There are so many great puns on this, just click the story. Giggles and thanks for this one, Clifton.

A.G. said...

I'm dissapointed in Scott Brown, as well. But at the same time, I still have no clue what the GOP's official position on financial reform is. McCain gave a brief speech about Fan/Fred, and that was it.

Why was there no unified, vocal effort to address the clear problems with the bill? Pat Caddell (and Ann Coulter) noted that the GOP lost something like 19 points in party preference since they gave up talking about the ultimate goal of repealing Obamacare and went silent on FinReg. So I can't really blame Scott Brown for turning tail (no pun intended!) and not wanting to be dragged down by the back-slapping losers in the NRSC.

Fuzzy Slippers said...

Agreed. His seat will certainly go to a democrat in 2012; Brown's a disappointment, but not a surprise, I guess. As soon as the BO-Pelosi-Reid triumvirate decided that Brown's election meant nothing, that we could send all the repubs to D. C. we want, have all the town hall meetings we want, march on D. C. as often as we want and it does not matter, Brown's days in the Senate were numbered. These BS votes seal the deal.

SirKnob said...

I didn't think they allowed Axelrod out during the day time?

Anonymous said...

Great, put in more fresh out of college regulators who have no idea how Wall St is run or what they were supposed to regulate. Didn't we seen this before?

2nd Anonymous

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