DCCC: “Does Representative-elect Jeff Landry Agree That Congress Should Serve The Banks, Not Us?”

December 14, 2010

Congressman Spencer Bachus, the man chosen by Representative-elect Jeff Landry and House Republicans to Chair the Financial Services Committee, which is responsible for overseeing reform and regulation of Wall Street banks, told his local newspaper today that he believes it is Congress’s obligation to “serve the banks.” Serve the banks!

Does Representative-elect Jeff Landry agree with his new Chairman that Congress serves big banks, not hardworking Americans?

“Congressman Spencer ‘Big Bank’ Bachus has given Americans a startlingly honest answer about the House Republican agenda – do whatever is good for the big banks and Wall Street special interests, rather than what’s good for hardworking Americans,” said Jesse Ferguson of the Democratic Congressional Campaign Committee. “Thanks to Representative-elect Landry’s support, Congressman Bachus will be able to “serve” the banks and their interests as Chairman at the expense of working Americans.

Who will Representative-elect Jeff Landry serve – the agenda of serving big banks with Congressman Bachus or the people who elected him?”

Congressman Spencer Bachus, “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,” he said. [Birmingham News, 12/13/10] Spencer “Big Bank” Bachus has taken more than $1 million from Wall Street and was the Republican’s chief negotiator of the bank bailout (TARP) in 2008. Last week, House Republicans named the “Prince of Pork” Hal Rogers to regulate congressional spending.

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