Illinois Sen Dick Durbin, one of those antique FDR Dems I go on about all the time, has been trying to get a law passed that will reform Joe Biden's terrible bankruptcy bill. You know, the one demanded by his banker campaign contributors and written by those same bankers' lobbyists? We've sort of had a thing about it around here for a looooog time. We didn't care for it, not from Day One.
But Durbin is, as you might imagine, fighting an uphill battle. On Monday, in frustration, I suppose, he blurted out the truth on a radio show.
On Monday night in an interview with a radio host back home, he came to a stark conclusion: the banks own the Senate.
"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 they frankly own the place," he said on WJJG 1530 AM's "Mornings with Ray Hanania." Progress Illinois picked up the quote.
Indeed. They proved it today when the Senate defeated bankruptcy reform and the Corporate Tank Dems, most of them BD's natch, handed Obama a significant defeat and the banks yet another significant victory.