Gangsta pimp John Boehner gives advice to the poor abused bankers:
This week, Senate Banking Committee Chairman Chris Dodd (D-CT) released the latest version of his financial regulatory reform bill, which aims to correct the deficiencies in the financial system that led to 2008’s economic crisis. The House of Representatives has already passed a comprehensive regulatory reform bill, and now that Dodd has given up on negotiating with recalcitrant Republicans, he is moving on an expedited timeline, with a markup scheduled for Monday.
It’s taken the Senate a year and a half after the financial crisis to even get to this point, but House Minority Leader John Boehner (R-OH) told “an enthusiastic crowd of bankers” today that, even if the Senate passes a bill, reconciling it with the House version will take another year. “If the Senate is able to produce a bill, I think it’s just as likely that we’ll be talking about the same issue a year from now as we are right now,” Boehner said at the American Bankers Association government relations summit.
Boehner then added that the bankers should be standing up for themselves against “those little punk staffers” trying to write new regulations:
“Don’t let those little punk staffers take advantage of you and stand up for yourselves,” Boehner said. “All of us are hearing from our friends and constituents on lack of credit, you can’t get a loan, the more your government takes and taxes, the more regulations you have to comply with the more cost you have there and less amount you are going to have available to loan to customers.”