Thursday, July 1, 2010

Rush on the Recent Wall Street Banking Legislation

Once again Rush puts things in proper perspective.  This time it involves the Democrats recent punitive regulations against their big Wall Street banking contributors.  Unfortunately, it is the small community banks that are likely to be harmed the most by this legislation.  This means less competition and worse outcomes for us consumers of the banking industry.  Once again, we go from dollars down to pocket change you can believe in.

4 comments:

Dave Splash said...

Except Rush fails to mention that Republican's official stated objection to the bill is that the money comes in the form of a tax on the banks, and the GOP wants the costs to be paid by the taxpayer.

Maybe that somehow works out better for el Rusbo, but I think he might be a little too high on Oxycontin to be thinking this one through.

T. Paine said...

Dave, regardless of whether the tax is on the banks or the taxpayers directly, ultimately the pass through of the costs are shouldered by the tax payers.

lisa said...
This comment has been removed by the author.
lisa said...

T don't try to convince Dave of anything. He will never stray from his beliefs regardless how many times the facts get twisted . He will always twist them until they sound logical.