“My view is that Washington and the regulators are there to serve the banks.”
Did you miss this revelation? From the new chairman of the House Financial Services Committee-- the Congressional body that regulates the banking industry-- Spencer Bachus.
Bachus received about $1 million in campaign contributions from the banking industry.
"Now is the time to get the farmers out of the way," said Bachus, "so the foxes can create chickens and grow the farm."
There is a Twilight Zone episode in which aliens land on earth promising solutions to all mankind's problems, energy, food, pollution. They also encourage humans to come visit their planet. They have with them a guide book in their own language which some stubborn scientists try to decipher. One of them succeeds in translating the title: "To Serve Mankind". Humanity breathes a sigh of relief: they are here to help us.
Just as the protagonist has decided to get on the spaceship and visit the alien world, a friend of his, one of the scientists, rushes to the spaceport. She screams at him, "don't get on the space ship!".
They have succeeded in translating the rest of the book.
It's a cookbook.
Spencer Bachus has arrived, with his cookbook, to serve Americans.
Read More on your Government's Desperate Attempts to reign in the Consumer.
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© Bill Van Dyk
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