Re: The FCIC falls apart

On Dec 17, 2010, at 5:36 PM, Peter T. Chattaway wrote:

> On Fri, 17 Dec 2010, Lance McLain wrote:
>> Last Wednesday, just hours after securing the position of chairman  
>> of the House Financial Services Committee, Spencer Bachus, R-Ala.,  
>> told the Birmingham News that "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." http://www.salon.com/technology/how_the_world_works/2010/12/15/the_fabulous_bankers_boys_from_alabama
>
> And that's kinda like saying they're there to serve the people,  
> yes?  Yes? :/

  uh....no.  In what possible way could that ever be the case? Who  
owns the banks?

regards,
-Lance



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