hugging the buses in a series with the door at initial and united republic as
you know the public is a great or his eyes in organization try to get money
out of politics like we are wolfpack at gob bless their hearts
and that there from ten and paul blumenthall arc while credit on this
piece in this great armored number one factor that bears how much the banks
uh... had done in lobby it is at starting number
put in six-point eight
billion dollars
in federal lobbying campaign contributions
from ninety two twenty eleven that is not a long period of time that is a six
point eight
million dollars at six point eight
dalian dollars asap elise any amount of money to do laaa lobby
now why
obviously they get a good return on investment they spend that much to get a
lot more back remember the fed alone give the big banks seven point seven
trillion dollars in basically free money where they didn't even try the net
interest
let alone the money they got through any idea set of the which they got to keep
the back door bailouts interest-free loans
that's why they do over six billion dollars in lobby
and when other piece of legislation come up
uh... they crush it mercilessly what dick durbin why do back in two thousand
nine was
hey listen
all which is
there's all these uh... homes that are being foreclosed upon what we want is we
think we can rescue a million of those homes
where they still pay the banks
they don't get foreclosed on all got a new is to a reasonable
interest-rate on those loans
so that actually everybody comes out the winner
but the banks in want to do that even though they will continue to get paid
cousin they would have to recognize their losses and they would have to say
he had turns out that house is not worth two hundred thousand four hundred
thousand
when they do that on their statements it turns out
that they're all anatomic trouble financially so that's why they didn't
want to admit it
and that's why they sent all their dogs in the senate
to make sure that they went till that bill
although i don't know we will be helping any homeowners
and a pair of bloody had a home run its name to the house of my
we just did the bailouts present osvaldo just got elected the country's
incredibly angry and what happened
the banks
easily
crush that bill the lost by fifteen votes in the senate
and here's what dick durbin sent
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 a frankly
owned the place
now that's a status quo
uh... and he couldn't be more right about that
and then that there
their bill after bill they wind up rushing
uh... tom harkin had a bill to limit uh... did number of them out of fees
they charge you with the a_t_f_ you'd like that dot right
it turns out the based on past review five bucks which you know right you know
how much it doesn't actually cost on the process
that a_t_m_ transaction thirty five cents
sum up you can argue whether he should to do a cap on that or not this error
you know what happened
they didn't even build up and bring developer vote
but wait a minute but democrats control the senate
his own democratic party leader carried wouldn't even bring a villa
is a copy echo that like the pelletier
parking was stunned by the senate
uh... you know
i've never seen anything like this before well because the banks in usa own
congress as much as they do now its record-breaking
and many other bills introduced
eric there is a depravation and some credit cards
saying that if you missed one payment your interest rates
can jump up to thirty percent which is jag t_n_t_
that used to be legal to trust people that would just launch our king right so
bernie sanders introduces legislation
saying he was cabinet fifteen percent which is used to be in the law in so
many place across this country
not even close at around thirty votes
quashed
he needed sixty votes
got about half of those city ny
every single bill that goes up
you know sometimes they don't even go up another time when they do
biggest fight
now as they're coming this in a great article but they didn't like this one
paragraph two from petaluma folder that but i found so what
and use it to be honest
but called but in the senate thanks approaches bank lobbying
anup puzzling lack of support if not outright opposition
from the old bombay initiation
it was defeated by a wide margin
with the bill for one fifteen votes short
of the sixty needed to cut off debate and move to a final vote
that's the dick durbin dawn cellular before
puzzling lack of support from president obama
i think that there are largely waiting but that we might not know why they were
winking
it's because
present a while more also guess a tremendous amount of money from the
banks
who stopped over two thousand eight was goldman sachs
and that is not around that this accident over to industry among his
bombers
these are the rich guys bundle up even more money and headed off sixty two of
the bunglers are from the
finance insurance and real estate industry with the call the fire sector
uh... and how much of the race for president while not already this early
in this election season
nine point four
million dollars
lot achieve some puzzling why present all mama would have had opposition
to a bill
that whatever fact actually
had the banks
be decent to homeowners can actually continued to make money it would've been
a win for everybody but some houses the banks and lawton
nobody administration didn't seem to want to be that we are now that works
there when you go one oh two one other top lobbyist david kiddo
he's the chairman of the mortgage bankers association
here's what he has to say about him bracket
we lead the way on this and we are clearly responsible
for ripped defeating this
for the third time
in the last year referring to one of the piece of legislation i was just telling
you
in supporting
you gonna bring that weak sauce in here man
we own this place what do you think we spent nearly seven billion dollars four
esteban all the sons of bitches
second-class like everywhere built i'll put there could be able and all the
orders of deposit there is a bit more actually use the banks
you've got no chance we bought the place lock stock and barrel
gets surprising help from the democrats
although a lot of people who introduced the bills
that i hope it doesn't seem a fair were democrats
and yes completed all from the republicans
ants of course in the admin they win the he's lee every single time
it's socks but that's our system works
the only way to clean it up
is if you say those guys are not allowed to contribute to politicians