Ask what you can do for the banks

Spencer Bachus, Alabama Republican and incoming chairman of the House Financial Services Committee, lets us know who’s his daddy:

“In Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks.”

The honesty’s too much.

Hat tip and emphasis: Matt Yglesias.

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3 Responses to “Ask what you can do for the banks”

  1. Ranjit Says:

    That would be Rep. Spencer Bachus, R-Mammon.

  2. kerryl29 Says:

    Or, “what’s good for Chase is good for the country.”

  3. spdbrnr34 Says:

    Jesus…what a statement to make after the collossal mess bank greed & fraud has gotten us into since all hell broke loose in Sept 2008.

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