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Why Partisans Are Wall Street's Useful Idiots

Both Democrats and Republicans took bribes from subprime fraud, Countrywide:U.S. senators or Senate employees received 30 loans?far more than had previously been known?under a controversial lending program at Countrywide Financial Corp. that provided cut-rate terms to favored borrowers.Chris Dodd - the chief author of financial reform [sic] - is retiring from the Senate because of his accepting bribes.  Why isn't he heading to prison?  (And why does anything think someone who accepted bribes from Wall Street, and who is going to start lobbying for Wall Street, would enact a legitimate reform of Wall Street?)In related news: Minutes before the financial regulation votes had been cast, Democrats and Republicans were taking bribes from Wall Street...continue to full post

Full post as published by Crime & Federalism on July 15, 2010 (boomark / email).