But why the urgency? Why the rush to let the banks run amok, even before Republicans turn their attention to authorizing the Keystone XL pipeline, repealing Obamacare and reversing the president’s executive orders on immigration? Those are all causes, however, that Republicans want to highlight, for which their base is clamoring. Deregulating Wall Street, by contrast, isn’t high on the tea party’s to-do list, if it’s on it at all. By scurrying to give the banks what they want, Republicans can get it out of the way and hope that any public memory of this unseemly spectacle is eclipsed by the epic, more popular battles to come. By pushing mega-bank welfare to the head of the line, Republicans also sent a clear signal to Wall Street that they’ll do whatever it takes to further feather the bankers’ nests.
Posted on: Thu, 15 Jan 2015 19:42:12 +0000