[Peace-discuss] Wall Street & the Democrats

C. G. Estabrook galliher at uiuc.edu
Sun Dec 14 09:09:29 CST 2008


[From the excellent Doug Henwood, writer/editor of the Left Business Observer.]

If there was ever any doubt - not that their should be - that
Democrats were at least as responsible for the current financial mess
as Republicans, this article from the NYT should take care of that.
Wall Street's own dedicated Senator, Charles Schumer, did everything
he could to forestall regulation. And Wall Street loved him for it!

http://www.nytimes.com/2008/12/14/business/14schumer.html?_r=1&pagewanted=all

Accompanying the article is a graphic showing Wall Street contribs to
Senators and Reps. While he was in the House, Schumer got more than
three times as much cash as the next guy on the list. In the Senate,
the top recent recipients are Kerry, Schumer, Lieberman, Dodd, and
Clinton.

And this is the gang that's going to re-regulate Wall Street?

Doug
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